Madhav Rajan reappointed dean of Booth School of Business

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Indian-American Professor Madhav Rajan has been reappointed dean of the University of Chicago Booth School of Business, effective July 1, president Paul Alivisatos and provost Ka Yee C. Lee announced recently.

A renowned scholar in management accounting, Rajan serves as the George Pratt Shultz Professor of Accounting and has served as dean since 2017.

He is credited with expanding Chicago Booth’s global footprint across Asia, Europe, the Middle East, and Africa, completing fundraising for the Hong Kong campus and helping open the new London campus, the June 23 press release from Booth said.

During Rajan’s tenure, Booth exceeded its fundraising goal for the University of Chicago Campaign: Inquiry and Impact, raising $1.17 billion.

The Indian-American dean was instrumental in launching fundraising campaigns in support of research centers and expansion into new fields such as healthcare.

As dean, Rajan also led the development of fundraising campaigns for scholarships. Through the Boundless Scholarship Initiative, Booth doubled the amount awarded for MBA scholarships, including opening awards to students in part-time and executive MBA programs.

“Many of the school’s recent accomplishments are the result of Madhav’s visionary leadership. I am confident that he will continue building upon Booth’s strong foundation and advancing the eminence of the school well into the future,” Paul Alivisatos, president of the University of Chicago, is quoted saying.

Under Rajan’s leadership, Booth launched a new in partnership with the Kenneth C. Griffin Department of Economics, along with an accelerated, three-year program with the Law School.

Booth has also significantly expanded the size of its faculty by attracting and retaining top scholars, the press release said. Of note, the school has expanded the scale and impact of behavioral sciences, capped by the opening of , the first-ever storefront behavioral science lab and interactive discovery center in downtown Chicago.

As a scholar, Rajan’s primary 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 conducted analytical, empirical, and field-based research 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.

“I am incredibly proud of all that Chicago Booth has achieved over the past five years, and I’m thrilled to continue our work to ensure Booth remains the best business school in the world,” Rajan said.