The Application Trends Survey is an informal annual survey designed to take a snapshot of the demand for management education by comparing changes in application volume. Year over year comparisons for women and international applicants are analyzed. In addition, industry trends-e.g., electronic application use and changes in class size-are also tracked.
This information has allowed GMAC and business schools to monitor the demand for graduate management education and to respond effectively to media questions. For participating schools, the results can provide valuable insight into the trends affecting peer institutions.
Content: Article
Source: Graduate Management Admission Council (GMAC)
Subjects: MBA Related, Miscellaneous MBA-related Resources
Source: Graduate Management Admission Council (GMAC)
Subjects: MBA Related, Miscellaneous MBA-related Resources
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Zipf’s Law
George Kingsley Zipf was a Harvard linguist who in the 1930s noticed that the distribution of words adhered to a regular statistical pattern. The most common word in English—”the”—appears roughly twice as often in ordinary usage as the second most common word, three times as often as the third most common, ten times as often as the tenth most common, and so on. As an afterthought, Zipf also observed that cities’ sizes followed the same sort of pattern, which became known as a Zipf distribution. Oversimplifying a bit, if you rank cities by population, you find that City No. 10 will have roughly a tenth as many residents as City No. 1, City No. 100 a hundredth as many, and so forth. (Actually the relationship isn’t quite that clean, but mathematically it is strong nonetheless.) Subsequent observers later noticed that this same Zipfian relationship between size and rank applies to many things: for instance, corporations and firms in a modern economy are Zipf-distributed.