|Key people||Micheal J. Perik, President & CEO|
|Revenue||US$ 35.9 million (2006)|
|Divisions||College, Business School, Law School, Grad School, Med School|
The Princeton Review (TPR) is an American-based standardized test preparation and admissions consulting company. The Princeton Review operates in 41 states and 22 countries across the globe. It offers test preparation for standardized aptitude tests such as the SAT and advice regarding college admissions. Approximately 70% of the company's revenue comes from test preparation. The company was founded in 1981 by John Katzman, after graduating from Princeton University, and is based in Framingham, Massachusetts. It is not affiliated with Princeton University or the Educational Testing Service.
The company offers courses world-wide through company-owned and third-party franchises. Countries with Princeton Review franchises include China, India, Israel, Japan, Kuwait, Malaysia, Mexico, Pakistan, Qatar, Singapore, South Korea, Syria, Taiwan, Thailand, Turkey, and the United Arab Emirates.
The Princeton Review offers both private tutoring and classroom courses. Most courses and tutoring guarantee an improvement in scores.
The Princeton Review Bookstore publishes various guides to colleges, including The Best 371 Colleges, the Complete Book of Colleges, the Parents' Guide to College Life, College Essays That Make a Difference, Guide to College Majors, and Guide to Colleges For Students With Learning Disabilities. It also publishes test preparation books for various exams.
The Princeton Review website provides free advice and tools for college admissions. It also provides the rankings from The Best 371 Colleges, including "Top 20" lists in categories such as "Professors Get High Marks," "Happiest Students," "Party Schools," and "Dorms Like Dungeons."
Test preparation providers, including the Princeton Review, have been criticized in the past on the grounds that their courses claim larger score increases than they deliver. Company officials reply that individual students can see significant improvements in test scores.
College rankings, including those published by the Princeton Review, have been criticized by educators and commentators for failing to be accurate or comprehensive. The Princeton Review officials counter that their rankings are unique in that they rely on student opinion and not just on statistical data. The American Medical Association has criticized the Princeton Review list of Best Party Schools and requested that the list be discontinued. The rankings for LGBT-related lists have also been criticized as inaccurate due to outdated methodologies.
Some teachers complain that teacher pay raises have been cut back. The company responds that most employees are generally satisfied with their jobs and enjoy their work, and that the Princeton Review created separate levels of tutors to document the varying experience levels and provide an opportunity for tutors to continue to receive pay raises over time based on performance.
In August 2008, The New York Times reported that a flaw in the company's website exposed data from about 34,000 Sarasota, Florida students to the web, including FCAT test scores. In addition, names and birthdates of 74,000 Fairfax County, Virginia students were exposed, as well as some documents regarding Princeton Review's internal procedures. After being notified of the problem, the company acted immediately to shut off access to the data and conducted a review of procedures.