Word: aiesec
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...international secretariat of AIESEC is located in Geneva. Although the United States has played an important role in AIESEC since 1954, the program continues to be dominated by the countries of Western Europe, where it was founded...
...exchange procedure is complicated. The basis of the exchange is a one-for-one trade between countries. The largest part of the trading is done at the annual AIESEC international congress which was held in Princeton this past March...
...United States national committee for AIESEC encountered several problems at the Princeton Congress. Because of the American educational system, most U.S. undergraduates who become trainees, are less well prepared than their European counterparts. Few have the proper language training, and many have yet to specialize in one particular field of economics or business. Several students consequently failed to satisfy the qualifications of European firms...
...major difficulty of AIESEC in the United States, however, is jobs for Europeans in American firms. While France and Germany arrange nearly 1500 jobs between them last year, the United States was able to set up only 275. American firms have traditionally been reluctant to hire foreign trainees for the summer. The firms hesitate because they do not know the capabilities of the students and fear their knowledge of English will be inadequate...
...United States, however, businessmen seek assurance that they can hire the trainee for later work. AIESEC's greatest success has been among American firms with international branches; these companies hope in most cases to hire the student for future work in overseas branches...