Madhav Rajan, Dean of the Booth School of Business at the University of Chicago, brings valuable insights from his extensive background in business education. He discusses the shifting landscape of MBA programs, emphasizing the importance of rigorous education amid declining full-time enrollments. The need for experiential learning to meet market demands is highlighted, along with innovative ideas like modular degrees. Rajan also explores the evolving value of MBAs, the impact on alumni relationships, and how schools can adapt to modern educational trends.