A New Year, A New Dean: NYU Stern Taps Insider to Fill Top Role
There will be a new dean at the helm when NYU Stern School of Business rings in 2018, but he’s certainly not a newcomer to the school. NYU President Andrew Hamilton and Provost Katherine Fleming today announced that Rangarajan “Raghu” Sundaram, who joined Stern’s faculty more than two decades ago, has been appointed as dean, effective January 1, 2018.
Sundaram, a professor of credit and debt markets as well finance, was selected by Dean Peter Henry in 2016 to join Stern’s leadership team as vice dean for MBA programs. In that role, he has overseen the school’s full-time MBA program; the Langone part-time MBA program; multiple dual-degree programs; and the Executive MBA program, among others. He also helped establish the Creative Destruction Lab, launch the school’s new, specialized one-year MBA programs, and bring business leaders from companies including Amazon, Jigsaw, Microsoft, IBM, and PayPal to join Stern’s newly created Tech MBA Advisory Board.
Sundaram was among several strong candidates for the dean’s post, the school reports. “But in the end, the Search Committee found the best candidate here in our own midst,” President Hamilton said in a statement. “And rightly so. Raghu Sundaram has a strong, highly-regarded record of leadership and innovation, scholarship and teaching, and collegiality and service to both Stern and the university. In a field of distinguished candidates for Stern’s deanship, Raghu stood out.”
As vice dean, Sundaram is also credited with helping extend the school’s New York City–based EMBA program to downtown Washington, DC, and shepherding Stern’s entry into online education through the launch of a series of online certificate programs.
As a researcher, Sundaram’s work has focused on agency problems, executive compensation, corporate finance, derivatives pricing, credit risk, and credit derivatives, areas in which he has published extensively. He also has won several awards, including the Jensen Prize and the Stern School’s inaugural Distinguished Teaching Award, and was a finalist for the Brattle Prize and a recipient of research grants from the National Science Foundation and other organizations.
The Indian-born Sundaram holds an MBA from Indian Institute of Management, Ahemedabad, as well as both an MA and PhD in economics from Cornell. He taught on the faculty of the University of Rochester for eight years before joining Stern’s faculty in 1996.
Sundaram will replace outgoing Dean Peter Henry, who announced in February of this year his plans to step down and return to full-time scholarship. “At a time when advanced-nation rhetoric and a seeming unwillingness to commit to the reforms needed for growth are at odds with global population trends and an increased need for investment in the developing world, I believe now is the time for me to make further contributions as an economist, advisor and Stern professor,” Henry stated at the time explaining his decision.