Princeton placed ninth in the world university rankings published by The Times of London's Higher Education Supplement on Friday.
Harvard is the best university in the world, according to the rankings, followed by the University of California at Berkeley and the Massachusetts Institute of Technology. Only Oxford University and Cambridge University in fifth and sixth places and ETH Zurich of Switzerland in 10th challenged American domination of the top 10.
Princeton is also ranked behind the California Institute of Technology and Stanford University in fourth and seventh, respectively, as well as Ivy League rival Yale University in the eighth spot.
The rankings take into account the views of 1,300 academics in 88 countries.
"Students, academics and companies placing research all need to know which are the best universities in the world," John O'Leary, editor of the Times Higher Education Supplement, wrote in his introduction to the rankings.
The rankings were compiled according to five indicators chosen to reflect strength in teaching, research and international reputation, with the opinion of academics given the greatest weight.
Criteria taken into account include the number of citations of research papers published by an institution's academics, student-to-staff ratios and the number of students and staff recruited from abroad.
These factors were meant to give a picture of the world's top universities using the most up-to-date statistics.
Harvard dominates the list with strong performances in all five categories, achieving a final score of 1,000 points. In comparison, Princeton tallied 557.5 overall points.
In rankings broken down by criteria, Princeton placed eighth in the top 10 universities for peer review in a list topped by UC Berkeley and 10th in the top 10 for citations in a list headed by Cal Tech.
The top 200 universities in the world are located in 29 countries, according to the rankings. Along with a strong showing in the top 10, U.S. institutions also comprised 62 of the top 200.
The United Kingdom, Germany and Australia had 30, 17 and 14 universities on the list, respectively.
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