Under Rajan’s leadership, Booth launched a new undergraduate major in partnership with the Kenneth C. Griffin Department of Economics, along with an accelerated, three-year JD/MBA program with the Law School. Booth has also significantly expanded the size of its faculty by attracting and retaining top scholars. Of note, the school has expanded the scale and impact of behavioral sciences, capped by the opening of Mindworks, the first-ever storefront behavioral science lab and interactive discovery center in downtown Chicago.
“Booth is widely known as a global hub for analytical and innovative business education,” Alivisatos said. “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.”
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.