GSBLSU Faculty - A Video Summary

Posted by Don Woodland on Aug 26, 2014 2:43:00 PM

For our students, the annual hike to GSBLSU for three consecutive years of education stems from the desire to glean as much information and real-world knowledge from our faculty.  All are experienced bankers, academicians, regulatory officials, attorneys, and others who have expert knowledge of their subject areas and who have the ability to teach other professionals.  

Amassing such a stellar collective group of experts in the field of banking makes the Graduate School of Banking an indisputable source of progressive and applicable expertise for students to absorb during their education at GSB.  

The students attest to the significant impact of the faculty and their guidance. Dr Woodland addressed this fact in his speech to the faculty at the beginning of the 2014 session recalling the countless phone calls, emails, and letters received from former students and their executive supervisors recounting the numerous lessons and industry insights learned from GSBLSU faculty professors and applied at their home banks.  

Dr Woodland recalled, "From where do these contributions come? They come 100% from you, the faculty.  You have the important responsibility to those bankers sitting in front of you, and to their banks, to provide the knowledge required to further their goals, and I have no doubt that you will fulfill this responsibility." And each and every year, the faculty continue to impress upon the students as they leave, that the education earned from the distinguished faculty at GSBLSU can really be found no where else.

Please enjoy our GSBLSU faculty video testimonials.

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Dennis Lockhart at GSBLSU: The Economic and Community Banking Landscape

Posted by Don Woodland on Jun 20, 2014 2:18:00 PM

Dennis Lockhart at GSBLSU 2014

On the first Tuesday of the 2014 session of the Graduate School of Banking at LSU, the President and Chief Executive Officer of the Federal Reserve Bank of Atlanta, Dennis Lockhart, spoke to the student bankers in attendance.  Having such a close relationship with the Graduate School of Banking at LSU over the last two years, in the collaborative effort of the Fed’s supervisory and regulatory staff to host the Banking Outlook Conferences in Atlanta, Lockhart notes the importance of and interest in maintaining the current and future ties with GSBLSU.

In his address to the students and professors, he took a high-level look at many factors affecting the banking industry today, including the approach of the Federal Reserve to the future supervisory plans of community banks, the operational challenges that many community banks may encounter, the economic outlook, and the monetary policy outlook.  He emphasized that his personal thoughts were expressed, and they may not mirror the views of his colleagues at the Federal Reserve.

The full speech can be viewed by clicking the link here.

In closing, Lockhart reiterated the magnanimous responsibility that the GSBLSU students carry with them not only in their current education but also in the impending choices and impacts that will be made by them on their home banks.  He says, “You are here participating in continuing education to be the best bankers you can be. The history of bank failures in the Southeast contains a number of cautionary lessons. I’ll add one more. Improving conditions bring their own challenges. Conditions seem to be improving. Be careful.

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The Importance of a Well-Rounded Financial Education

Posted by Don Woodland on Jul 24, 2013 10:46:00 AM

financial education
Few would argue that a well-rounded financial education is something desperately needed in American schools.  Ideally, children would be instructed in sound financial decisions early on, before damaging mistakes are made that may take years to repair.  Unfortunately, while educating our children in math and science, the need for imparting financial wisdom has long been overlooked.  The consequence is future generations who lack the knowledge needed to secure their financial futures. 

For the past several years, National Financial Literacy Month and the organizations that support it have sought to shift this national trend of financially under-educated citizens.  Over these years, some strides seem to have been made.  From 2000 to 2011, the number of U.S. households with debt dropped from 74% to 69%.  However, there is still much to be done.

Richard Cordray, director of the Consumer Financial Protection Bureau, acknowledged this just this past month and called for significant changes to be made:

“I believe it is extremely important to require young people to receive further instruction in personal finance education during high school, when they are becoming conscious of the reality that they are getting close to going out on their own to make their own way in the world.  When young people do not have the skills to make effective financial decisions, they can incur unnecessary debt, miss opportunities to save money, and develop a poor credit history."

The proposed program would include financial training and standardized tests in grade schools nationwide.  This training would begin with the basics as early as kindergarten and progress to a more personalized financial education in high school.  Even measures to ready teachers and parents are covered with recommended training and incentives to better prepare them.  

As an institution that focuses solely on advanced financial education, GSBLSU recognizes the extreme importance that Mr. Cordray refers to and agrees that action must be taken.  A well-rounded financial education must not only take place in adulthood.  It should begin with children whose perceptions of finance have yet to be shaped.  Before applying for that first credit card on their college campus, they will fully understand any impacts that may potentially be made to their credit. 

We hope to see these changes implemented sooner rather than later.  Perhaps with a financial education that has been ongoing since childhood, we may just experience an influx in highly-educated banking executives in the years to come at GSBLSU.  We are always ready to welcome qualified new students.

9 Reasons To Attend GSBLSU

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