This document provides context and a holistic view of the 2005 Application Trends survey results. The 2005 survey tracked the percent change in the number of graduate business school applications for enrollment in the 2005 school year compared with the number of applications for the 2004 school year. Business schools reported the percent changes overall and for specific subgroups of applicants, including domestic, international, female, and US minority applicants. Overall findings are presented in addition to program-specific findings for full-time, part-time, and executive MBA programs.