Madhav Rajan is Senior Associate Dean for Academic Affairs at the Graduate School of Business, and oversees the MBA and MSx programs. He is the Robert K. Jaedicke Professor of Accounting at the business school and also Professor of Law (by courtesy) at Stanford Law School. Madhav joined Stanford University in 2001. From 2002 to 2010, he served as the area coordinator for Accounting at Stanford GSB.
Madhav received his undergraduate degree in Commerce from the University of Madras, India, and his MS in Accounting, MBA, and PhD degrees from the Graduate School of Industrial Administration at Carnegie Mellon University. In 1990, his dissertation won the Alexander Henderson Award for Excellence in Economic Theory. After completing his doctoral studies, Madhav joined the faculty of the Wharton School of the University of Pennsylvania and was promoted to the rank of tenured Associate Professor in 1996, and Professor in 2000.
Madhav’s 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. In 2004, he received the Notable Contribution to Management Accounting Literature award for his work with Stan Baiman on “The Role of Information and Opportunism in the Choice of Buyer-Supplier Relationships.” Madhav has twice served as editor of The Accounting Review. He has also served as Departmental Editor for Accounting at Management Science, and as Associate Editor for both the Accounting and Operations areas. He is a member of the Management Accounting section of the American Accounting Association and has twice been a plenary speaker at the AAA Management Accounting Conference.
Madhav has taught courses in accounting at the undergraduate, MBA, and executive MBA levels. He has also taught an elective class in financial reporting at Stanford Law School. Madhav has won teaching honors at Wharton and Stanford, including the David W. Hauck Award, the highest undergraduate teaching award at Wharton. At Stanford, Madhav participates in a variety of executive education initiatives, including teaching in the flagship Stanford Executive Program and co-directing Finance and Accounting for the Nonfinancial Executive. He has made invited presentations to the Labor Seminar of the National Football League Management Council and taught in the National Basketball Players Association Program.
Madhav is coauthor of Cost Accounting: A Managerial Emphasis, whose 15th edition was published by Pearson Prentice Hall in January 2014. He is also coauthor of Managerial Accounting, whose first edition was published by Pearson in January 2013. Madhav is a Director of Cavium, Inc. and iShares, Inc. and a Trustee of the iShares Trust.