<p>"Some of students don't even take the mandatory grad courses because they already took a full 2 year sequence of grad courses as an undergrad."</p>
<p>I'm pretty sure this happens at most grad schools in the top tier or two.</p>
<p>"If you aren't even the top student at your school, really, what are your chances at the top 5?"</p>
<p>Lots of the really good undergrad schools have multiple people accepted to the top 5 schools in a given year.</p>
<p>"OK, first off, I don't think people who've taken a million grad courses are necessarily "more amazing," and way above the level of people who didn't. Part of the deal is they probably had more time, decided they want to study math earlier."</p>
<p>Hush, you. My millions of grad courses are one of the good things I've got going for me =P.</p>
<p>"I think people who're in the "overall prestige mode" will automatically drop out of mathematics, and won't develop Harvard/MIT caliber applications anyway."</p>
<p>Think again. One of my friends applied for programs in math, economics, and business, and just chose the most "prestigious" one that accepted him. Even though he didn't have research experience (it's difficult for internationals to get funded REUs), he still got accepted to Chicago and waitlisted at MIT for math.</p>
<p>"Geez I'm just trying to get into Rutgers or UCSD, what do you think constitutes a good application for those maybe second tier schools?"</p>
<p>Wait a few months and I'll let you know if what I have constitutes a "good application".</p>