Executives know better than anyone in the banking world of the difficulties of implementing the new regulatory mandates, discovering new growth sectors while maintaining current revenue streams, and managing the people in the bank. Without a finger on the pulse of all of these, a bank can lose in the end. As an executive in this ever-changing banking environment, making the time to identify and develop future top-level bankers or find your latent up-and-comers may not be the most pressing task on your day-to-day list of things that keep your bank running. But, it should be.
Selecting and educating the future leaders in your bank is one of the most critical responsibilities of senior bank management. The Graduate School of Banking at Louisiana State University has for 65 years provided the professional education essential to the successful bank manager. Oftentimes, executive leadership can identify several rising stars, but there are always latent ones too. It may require asking your younger bankers of their interest in continued development and plans to grown in the bank. The answers may surprise you.
“The best companies for developing leaders recognize the value of strong leadership in both the good times and the bad,” says John Larrere, principal of Hay Group’s leadership and talent practice. Many of the companies with the happiest employees are the ones that see the value in developing future leaders whether through modifying current behaviors to fit into the company’s future or through preparing their high-value successors for integral placements later. Offering career advancement programs to employees has been identified as one of the key indices to having happy and loyal employees.
Placing high potential future banking executives at the Graduate School of Banking at LSU, can prime them for the tasks and responsibilities required of leaders in your bank. The courses are structured around real-world banking issues and taught by top industry experts. The banking simulation will last the full three-years of their education with the school and might provide your bank with some new and undiscovered data. Data that can be implemented into the fabric of your banks operations. The most recent course catalog can be viewed here.
Enroll your future leaders in the latest session of the Graduate School of Banking at LSU. Placing them in the 3 year program will ensure that you have developed them in fields beyond their current experience and knowledge base. The Graduate School of Banking at LSU primes your junior bankers for their professional futures at the next level in the bank.
Bankers/applicants must be officers (or employees performing officer functions) and have a minimum of three years of experience as an officer. An applicant who is not an officer but who is performing officer functions must include, with an application and non-refundable fee, a letter from the chief executive officer of the bank describing duties and responsibilities. Applicants from state and federal supervisory agencies should have a minimum of five years of experience in bank supervision and banking.