Madhav V. Rajan

Dean of the University of Chicago Booth School of Business, George Pratt Shultz Professor of Accounting

5807 S. Woodlawn Avenue
Chicago, IL 60637
Phone: 773.702.1680
madhav.rajan@chicagobooth.edu

Executive Assistant:
Holly Stauffer
773.702.6680
holly.stauffer@chicagobooth.edu

Madhav Rajan is Dean of the University of Chicago Booth School of Business and George Pratt Shultz Professor of Accounting. His primary area of research interest is the economics-based analysis of management accounting issues, especially as they relate to the choice of internal control and performance systems in firms. He has carried out studies on the role of information in incentive contracting, the value of nonfinancial and subjective performance measures, and the structural properties and usefulness of common financial ratios.

As Dean of Booth, Rajan has focused on deepening the school’s ties to the University of Chicago, attracting and retaining the best faculty, and raising money for research support and scholarships. He has launched new master’s programs and joint degrees, and expanded the school’s footprint in Asia and EMEA.

Before joining Booth, Rajan spent 16 years on the faculty of the Stanford University Graduate School of Business where he was the Robert K. Jaedicke Professor of Accounting, with a courtesy appointment in the Law School. He served as senior associate dean for academic affairs from 2010-2016, overseeing the school’s MBA program. From 2002-2010, he was area coordinator for the accounting faculty group. Previously, he served on the faculty at the Wharton School of the University of Pennsylvania, from 1990-2001.

While at Stanford, Rajan received the Robert T. Davis Award for Lifetime Achievement and Service (2017), and the Notable Contribution to Management Accounting Literature Award (2004). He also was the recipient of the David W. Hauck Award for Outstanding Teaching at Wharton (2000) and the Alexander Henderson Award for Excellence in Economic Theory (1990).

Rajan has served as editor of The Accounting Review, as well as Associate Editor for both the Accounting and Operations areas for Management Science. He is coauthor of Cost Accounting: A Managerial Emphasis, whose 17th edition was published by Pearson Prentice Hall in 2020. He is also coauthor of Managerial Accounting, whose first edition was published by Pearson in January 2013. He is a Director of iShares, Inc. and a Trustee of the iShares Trust, and also serves on the boards of CM Capital Corporation and WellBe Holdings.

Rajan received his Bachelor’s degree in Commerce from the University of Madras, India, and an MS in Accounting, an MS in Industrial Administration, and a PhD in Accounting from Carnegie Mellon University.