PORTLAND, Maine — The Princeton Review has included the University of Southern Maine’s School of Business in its new guidebook that lists what it considers the best 296 business schools in the world.
The USM School of Business was the only business school in the state to be included on the list. It also made the list last year.
The school’s being on the list is important, said Joe McDonnell, dean of USM’s College of Management and Human Service, which includes the School of Business.
“It’s important in terms of recruiting faculty and students when an organization like The Princeton Review acknowledge the strength of our school,” McDonnell told the Bangor Daily News.
According to The Princeton Review’s website, USM’s MBA program “distinguishes itself through strong academics, ‘relatively low cost,’ and a decidedly local focus,” and is “the best choice for Portland-area professionals.”
Of the 296 schools on the list, 280 are inside the United States; 16 are international.
There are thousands of business schools in the world, McDonnell said, so the 296 making the list are “an elite group.”
The USM School of Business is accredited by the Association to Advance Collegiate Schools of Business, which has accredited 655 business schools around the world, including 488 in the United States, according to its website.
More than 130 students are in USM’s MBA program, most are part time, and closer to 900 in its undergraduate business program, McDonnell said.
The Princeton Review selects schools based on its institutional data and survey results of more than 19,000 students worldwide, who are asked about academics, the student body and campus life, according to a media release from USM. The surveys used to determine the new list were conducted during the 2009-10, 2010-11, and 2011-12 school years.