As we begin a new year our thoughts often turn to the future. What will the next twelve months bring in the way of problems and opportunities? For bankers, consideration of what the economy and the banking environment will be like in the New Year will be a top priority. Will 2017 be a year of growth and prosperity? What changes will monetary and fiscal police initiate? Will the bank’s profit margin improve from the dismal levels of recent years? Are more restrictive regulations on the horizon?
The business of banking is one based on trust. Clients deposit their funds, perhaps their life savings, their retirement funds, and other financial resources in their banks with the expectation that their money will be held securely, invested wisely, and returned when requested. The industry has a reputation of ethical behavior which is essential to its historical success. When this reputation is tarnished by the actions of a few institutions the entire industry is affected in a negative way and reacts with enhanced vigilance to assure that long-standing ethical standards are enforced.
The courses taught at GSBLSU are approved by the board which is made up of senior bank executives who are graduates and CEO’s of sponsoring state banker associations who deal on a daily basis with banking issues on a state and national scale.
From freshmen to seniors, our GSBLSU students congregated on the Baton Rouge, LSU campus for a two week whirlwind of study during the 2016 session. As usual, they found comradery, dynamic professors, and comprehensive class offerings. Among the classes attended by our junior class was Bank Regulatory Law, led respectively by professors Patrick Long, Carl Chaney, John Heasley, and Robert Reynolds.
Monday through Thursday of the 2016 GSBLSU session, many students found themselves seated in 152 Coates Hall. The class was Banking Small Business, the professor was Mike Milan, and the intent was to introduce students to the intricacies that come with banking for small businesses. With over 28 million small businesses nationwide, small business is, in fact, very big business, and one on which all banking professionals should have a strong grasp.
Managing performance and recognizing key indicators is important across every facet of life. In sports we use statistics, trends and history to tell us what is working, what isn’t, and what may. When driving your car you may feel sluggish acceleration or problems steering; again these are performance indicators that hint at a problem. While your bank may not provide the tangible feedback like a bad fuel pump, or a left handed batter that can only pull the ball, there are a number of insightful ways to manage performance to optimize profitability and success.
Bankers enrolled in the Graduate School of Banking have been identified by the senior management oftheir banks as individuals capable of assuming additional managerial responsibilities in the organization, and senior management thinks that investing in the student’s professional education is a sound investment for the bank.
The Bank Management Simulation course utilizes a computer-based learning exercise designed to give participants an overview of the bank management decision making process. Students develop strategies for the management of functional bank areas, with specific emphasis on planning and decision-making in areas such as loans, deposits, investments, funds management, asset/liability management, risk management, etc. The primary focus is on profitability and growth, but attention also is directed to marketing and pricing of bank services—both current and future.
The Graduate School of Banking at LSU is again working with the Federal Reserve Bank of Atlanta in the presentation of their annual Economic Outlook Conference. The conference will be held in the bank’s home office in Atlanta on Thursday, February 25, 2016. The link for registration for the Federal Reserve Bank Economic Outlook Conference is https://www.frbconferences.org/atlanta/16banking
GSB at LSU
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