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Rangarajan K. Sundaram

Rangarajan K. Sundaram

Joined Stern 1996

Leonard N. Stern School of Business
Kaufman Management Center
44 West Fourth Street, 9-92
New York, NY 10012

Personal website


Rangarajan ("Raghu") Sundaram is the Dean of New York University's Leonard N. Stern School of Business. He assumed the Deanship in January 2018. Sundaram, who joined Stern’s faculty a little more than two decades ago, is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance, and has been Vice Dean of MBA Programs since 2016. He was formerly at the University of Rochester from 1988-96. He received his B.A. in Economics from the University of Madras, India, in 1982; his M.B.A. from the Indian Institute of Management, Ahmedabad, in 1984; and his Ph.D. in Economics from Cornell University in 1988.

Professor Sundaram's research in finance covers a range of areas including agency problems, executive compensation, corporate finance, derivatives pricing, and credit risk & credit derivatives. He has also published extensively in mathematical economics, decision theory, and game theory. His research has appeared in leading academic journals in finance and economic theory including, Econometrica, Journal of Economic Theory, Journal of Business, Journal of Financial Economics, Journal of Finance, and Review of Financial Studies, and also in several practitioner-oriented journals. He received the Jensen Award in 2001 from the Journal of Financial Economics and was a finalist for the Brattle Prize from the Journal of Finance in 2005.

Professor Sundaram is the author of A First Course in Optimization Theory (Cambridge University Press, 1996) and Derivatives: Principles and Practice (Mcgraw-Hill, 2010). He was Co-Editor of the Journal of Derivatives from 2002-08 and has served on several other editorial boards. In 2007, he became the inaugural recipient of the Distinguished Teaching Award from the Stern School of Business.

Research Interests

  • Derivatives: equity, interest-rate, & credit-risk
  • Agency & executive compensation
  • Corporate finance
  • Other finance
  • Dynamic & stochastic games
  • Optimal learning & bandit problems
  • Other game theory, economics, & dynamic programming

Courses Taught

  • Derivatives Pricing
  • Risk-Management

Academic Background

Ph.D., Economics, 1988
Cornell University

M.A., Economics, 1987
Cornell University

M.B.A., Operations, 1984
Indian Institute of Management, Ahemedabad, India

B.A., Economics, 1982
University of Madras, India

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The appointment of ​Raghu Sundaram ​as Dean ​is spotlighted

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NYU Stern Announces the Establishment of the First Creative Destruction Lab in the U.S.

12 MBA students from Stern's ​Cl​ass of 2019 are profiled; Vice Dean Raghu Sundaram highlights​ the “Stern Solutions” ​experiential learning program​; Associate Dean of MBA Admissions Isser Gallogly stresses the importance of EQ

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Vice Dean Raghu Sundaram is interviewed about Stern's new Executive MBA program in Washington, D.C.

NYU Stern Expands its Executive MBA Program to Washington, D.C.

Stern's new one-year MBA programs in Tech and Fashion & Luxury are featured; Vice Dean of Programs and Online Learning Raghu Sundaram is quoted

Stern's new one-year Tech MBA and Fashion & Luxury MBA programs are featured; Dean Peter Henry and Vice Dean of Programs and Online Learning Raghu Sundaram are quoted

Vice Dean of MBA Programs Raghu Sundaram is interviewed in an in-depth story highlighting Stern's unique academic offerings

Vice Dean of MBA Programs Raghu Sundaram underscores the value of an MBA specialization for job seekers while highlighting Stern’s FinTech specialization

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First Annual NYU Stern FinTech Conference

Areas of Expertise


  • Game Theory


  • Asset Management
  • Corporate Finance
  • Credit/Debt Markets
  • Derivatives
  • Hedge Funds
  • International Finance
  • Securities Markets
  • Valuation
  • Volatility Market