Raghuram G. Rajan is the Eric J. Gleacher Distinguished Service Professor of Finance at Chicago Booth. From 2003-06, Professor Rajan was economic counselor and director of research at the International Monetary Fund. His research is broadly on the role of institutions, especially financial institutions, in fostering economic development. In 2003, Rajan was awarded the inaugural Fischer Black Prize by the American Finance Association for contributions to finance by an economist under 40. Rajan is an electrical engineering graduate from the Indian Institute of Technology in Delhi. He earned his MBA from the Indian Institute of Management, Ahmedabad, and his PhD from MIT.