U. of C. appoints new dean to Booth School of Business

Madhav Rajan – Courtesy of Stanford Graduate School of Business

Staff Writer

The University of Chicago (U. of C.) announced, Wednesday March 8, that Madhav Rajan, former senior associate dean at Stanford’s Graduate School of Business, has been appointed as the next dean of the U. of C. Booth School of Business. Rajan will begin his appointment in July.

Rajan served as senior associate dean for academic affairs at Stanford University’s Graduate School of Business. His role included leadership of Stanford’s MBA program, with oversight of admission, curriculum, and student experience and career management. He also launched new joint-degree programs with Stanford’s engineering school and rolled out initiatives to integrate with the rest of the university.

“We sought the most outstanding candidate whose values, ambition and abilities fully comport with the distinctiveness of Chicago Booth as one of methodological rigor in its research and education, and through that commitment one of high impact on the world,” U. of C. President Robert J. Zimmer and Provost Daniel Diermeier said in the written announcement. “We are confident that Madhav will be an outstanding leader for Chicago Booth in the coming years.”

Rajan’s research interests are centered on the economic-based analysis of management accounting issues, in relation to the choice of internal control and performance systems in firms.

“The values I have in research and education are deeply valued at Chicago Booth,” Rajan said in a written statement. “People come here to do rigorous, empirically based research and analysis, which provides the basis for a transformative student experience and an extremely effective MBA curriculum. We have an exciting opportunity to take Booth’s deep strengths and leverage them here and around the world. I am thrilled to have the chance to be dean at what is unquestionably the greatest academic business school.

He served as editor of the Accounting Review from 2002 to 2008 and is the co-author of Cost Accounting: A Managerial Emphasis, a leading cost accounting textbook used worldwide.

In 2000, he received the David W. Hauck Award, the highest undergraduate teaching award at the University of Pennsylvania’s Wharton School. In April of this year he will receive the Robert T. Davis Award for lifetime service and achievement a distinguished and high honor awarded to faculty members by the Stanford Graduate School of Business.

Rajan completed his bachelor’s degree at the University of Madras, India. He has a Ph.D. and two master’s degrees from Carnegie Mellon University. Rajan succeeds former dean Sunil Kumar who was named provost of John Hopkins University in July 2016.