Latino Business Student Association (LBSA) - University of Southern California | 535 followers on LinkedIn. The Latino Business Student Association is one of the largest and most active pre-professional business organizations in California. It was founded at the University of Southern California in the fall of 1978 to develop the young men and women into the leaders of tomorrow through professional exposure, community involvement, and social interaction. This goal is to be achieved through events that include but are not limited to professional events, networking opportunities, skill-building workshops, and alumni receptions.