Rate My Professor Madhav Rajan

Rajan’s research specializes in the economics-based analysis of management accounting issues, including optimal contracting and incentives, performance measurement, cost analysis and management, and accounting metrics and ratios. He has served as editor of The Accounting Review, the flagship journal of the American Accounting Association, and as associate editor for the accounting and operations sections of Management Science. Key publications include co-authorship of Cost Accounting: A Managerial Emphasis, whose 18th edition was published by Pearson Prentice Hall in 2025, and Managerial Accounting, published by Pearson in 2013. His honors include the Robert T. Davis Award for Lifetime Achievement and Service from Stanford in 2017, the Notable Contribution to Management Accounting Literature Award in 2004, the David W. Hauck Award for Outstanding Teaching from Wharton in 2000, and the Alexander Henderson Award for Excellence in Economic Theory in 1990. As Dean, Rajan has launched new master’s programs, reshaped Booth’s footprint in Asia and EMEA, bolstered alumni engagement supporting faculty research and scholarships, and deepened ties to the University of Chicago via joint degrees and the Business Economics track, now the largest major in the College. He also serves as a Director of iShares, Inc., Trustee of the iShares Trust, and on the boards of CM Capital Corporation and WellBe Holdings.