OXFORD, Ohio — The Princeton Review has ranked Miami University’s Institute for Entrepreneurship as one of the best in the country.
The program, which is in the Farmer School of Business, was ranked 12th in the nation for best entrepreneurship education, up four spots from last year. Published in the October issue of Entrepreneur magazine, the list has the program ranked No. 5 among all public institutions.
Part of the reason for that ranking comes from the fact it was the top-ranked program with an exclusively undergraduate focus. The Princeton Review has included Miami's undergraduate entrepreneurship program for the sixth consecutive year.
“Our philosophy is that entrepreneurship is more than something you learn. It’s something you have to live to truly understand,” said Brett Smith, director of the Institute for Entrepreneurship and founding director of the Center for Social Entrepreneurship.
“We give every student multiple opportunities to 'practice what we teach.' Experiential learning is integral to our process. We are pleased that the Princeton Review values this as highly as we do.”
Rankings are based on surveys sent to school administrators at more than 2,000 institutions. This year’s list recognizes 25 undergraduate and 25 graduate programs as the top entrepreneurship programs for 2014.
Other regional schools to make the Top 25 lists are the University of Dayton and the University of Louisville. Dayton earned the No. 18 ranking among undergraduate schools with entrepreneurship programs. Louisville earned the 18th spot in the graduate schools list.
Factors involved in the evaluation include: commitment to entrepreneurship both in and out of the classroom, number of mentorship programs, scholarship funding, grants and successful involvement in entrepreneurial endeavors by students, faculty and alumni.
Amy Cosper, vice president and editor-in-chief of Entrepreneur, said the rankings provide "potential entrepreneurs with an overview of the best programs out there that will help cultivate their passions."
"The opportunity to expand a (skill set) or network with business influentials can launch a career forward or infuse new perspectives into a company's growth strategy," Cosper said. "The competitive edge these institutions provide is reason enough to see their value, no matter how untraditional the entrepreneurial pursuit may be."
One Miami tries to do that is through creating a program that is fully taught by entrepreneurs. It supports 10 mentorship programs and nine student entrepreneurship organizations.
Ray Gorman, Farmer School interim dean, said:
“The Institute has continued to flourish, with innovative curriculum, exceptional faculty and a growing list of alumni entrepreneurs. The Institute’s areas of focus — Start-Up, Social and Corporate Entrepreneurship — provide students with an all-encompassing, immersive experience.”
More information can be found at www.princetonreview.com/entrepreneur .