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luncent
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Thank you very much, Cakra. It is my pleasure to help!

Just to clarify, my comment was that if you break into the low 700s "you might begin to consider applying to NYU Stern and INSEAD." Remember, it's always better to be on top of a school's average GMAT score than below it. A 720 or 730+ would naturally put you in a better position than, say, a 700, at which point you'd be applying from behind the average for those programs. If you did get something like a 700 or high 600s, it's fine to try your luck, but you should do so knowing that it's more of a reach proposition. The further you are from the average, the more of a reach it becomes. A smart school strategy will include a couple of reach programs, a couple of more aligned programs, and a couple of potentially safer options. You should calibrate based on where your GMAT score ends up and how aggressive you want to be. (Applying to only reach programs is very hard.)

Happy to help with your School Selection and Strategy when the time comes!