Transforming Lives - Rockhurst University

The award was especiallymeaningful to Raju knowing thatthe Kennedy student governmentvoted on it and, as he later foundout, previous recipients have goneon to win the Nobel Prize.Raju says that while most graduateprograms do a good job of trainingstudents to be technically competent,what’s special about the KennedySchool is that it takes technicalcompetence as a given and insteadfocuses relentlessly on the big picture.His experience at Harvard has helpedhim to further develop his currentarea of research, which explorespolicies that countries use to managefinancial crises.“He is a phenomenal researcher,”says close friend and colleague BrianFitzpatrick, Ph.D., professor offinance. “A lot of great researchersare not great teachers. Sudhakar isthe exception.”The two engage in lively discussionson everything from religion to politics.Fitzpatrick smiles as he mentionsthey have never voted on the samepresidential candidate, at least untilperhaps this year.“I believe markets are inefficientand people are irrational, and hebelieves markets are efficient andpeople are rational,” says Fitzpatrick.“We disagree on many major issues,but we have a deep respect for eachother’s beliefs.”Fitzpatrick had been teaching atRockhurst only a year when Rajujoined the faculty in 1990, and theyimmediately became friends.“Raju is very accepting of allpeople,” he says. “That’s one of hisbest attributes. We don’t think it’sgood to judge people, even though wehave to judge students all the time.”In his 17 years at Rockhurst, Rajuhas made some adjustments to hisapproach to teaching. Early on, itoccurred to him that his studentswould benefit from learning aboutfinance in a way that allows them toapply it to their own lives.This idea really hit home, so tospeak, as Raju and his wife, Aruna, aprofessor at the University of KansasMedical Center, prepared to buy theirfirst house. As they sat down withthe banker to discuss the loan terms,Raju was surprised to see his wifepull out a calculator to compute themonthly loan payment. When heasked her about it, she looked at himin bemusement and said, “You have aPh.D. in finance and you don’t knowhow to do this?”That’s when Raju realized histeaching had been too focused on thetechnical aspects of finance. He couldtalk all day about derivatives andportfolio modeling but was not usedto applying it in everyday situations.He thought, what better approach touse when teaching students?So he focused on presentingfinancial concepts from a morepersonal perspective that touches onretirement planning, investmentsand mortgages. It was less high-techtheory but more useful finance.Students know him as aknowledgeable professor withhigh expectations who teacheschallenging content.“I might be biased because I lovenumbers,” says Steve Seggerman,CFO of Bishop Spencer Place, whohas taken three MBA courses withRaju. “He obviously knows numbers.He definitely knows what he’s talkingabout and has in-depth knowledge.He likes what he does and it shows.”Raju cares deeply for the developmentof his students. He encouragedone of his undergraduates, a firstgenerationcollege student, to applyfor an internship at the U.S. TreasuryDepartment. She not only landedthe internship, but he later learnedshe went on to graduate school atGeorgetown and secured a positionwith the Division of InternationalMonetary Affairs.14 Ro c k h u r s t4s p r i n g 2008