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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, and was previously the Vice Dean for MBA Programs for two years (2016-17). Raghu, who joined Stern’s faculty in 1996, is the Edward I. Altman Professor of Credit and Debt Markets and Professor of Finance. Prior to coming to Stern, Raghu was at the University of Rochester (1988-96). Raghu received his BA in Economics from the University of Madras, India, in 1982; his MBA from the Indian Institute of Management, Ahmedabad, in 1984; and his PhD in Economics from Cornell University in 1988.

Raghu'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 as well as several practitioner-oriented journals. Among other distinctions, he has served on a number of editorial boards, received grants from the National Science Foundation and other organizations, won the Jensen Award, and been a finalist for the Brattle Prize.

Raghu is the author of two books: A First Course in Optimization Theory (Cambridge University Press, 1996) and Derivatives: Principles and Practice (Mcgraw-Hill, 2010). 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

Related News & Research

An open letter to US policymakers, signed by Dean Raghu Sundaram and more than 60 b-school deans and business leaders, underscoring the importance of international mobility to the global economy is highlighted

Dean Raghu Sundaram joins other deans in sharing recommended summer reads for future business majors; Professor Dolly Chugh's book, "The Person You Mean to Be," is highlighted

Dean Raghu Sundaram and Professor and Vice Dean of MBA programs JP Eggers highlight how Stern's focused Andre Koo Tech MBA and Fashion & Luxury MBA programs are meeting the evolving needs of students and employers

In a trend story on business education in 2019, Dean Raghu Sundaram explains why he believes the MBA degree will continue to thrive

Professor Paul Romer's fireside chat with Dean Raghu Sundaram is featured

In a feature story on NYU Stern, 10 Class of 2020 MBA students are profiled; Dean Raghu Sundaram highlights the growth in Stern Solutions projects; and Professor and Vice Dean of MBA Programs JP Eggers cites the School's strength in technology

In a feature profile, Dean Raghu Sundaram showcases Stern's reputation in finance, technology and engagement with the business community to prepare future leaders to lead a changing business world

Dean Raghu Sundaram highlights innovations at Stern, from new programs to live case studies to entrepreneurial initiatives

Dean Raghu Sundaram discusses the growing demand for talent with expertise in both technology and business, highlighting Stern's Andre Koo Tech MBA program

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

In an in-depth interview, Dean Raghu Sundaram shares his outlook on volatility and risk management in financial markets and the recent fraud at Punjab National Bank in India

In an interview, Dean Raghu Sundaram shares his views on financial risk management and volatility

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

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

Professor Deepak Hegde and Vice Dean of MBA Programs Raghu Sundaram are quoted about the launch of Stern's new Creative Destruction Lab (CDL)

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

Cocktails & Conversation with Dean Peter Henry and Vice Dean Raghu Sundaram in Washington, D.C.

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.

Areas of Expertise


  • Game Theory


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