Loyola at a Glance
Loyola granted membership into international business development organization
March 23, 2012
Loyola University New Orleans, through the College of Business, was recently granted a university chapter of AIESEC, the world’s largest student-run organization that fosters leadership capabilities through instructional leadership development programs and foreign internships. Loyola was one of only five universities to be granted a chapter this year – out of 25 U.S. universities that applied. AIESEC Loyola is the only chapter in the Gulf South.
Founded in 1948, AIESEC is a worldwide networking and leadership organization with more than 60,000 members and 900,000 alumni in 110 countries. Jeffrey Krug, Ph.D., the Jack and Vada Reynolds Chair in International Business in the College of Business, is the faculty adviser for AIESEC Loyola and said Loyola’s membership in AIESEC will have significant long-term advantages for Loyola and its students.
“All business students at Loyola must participate in an internship before they graduate but few have opportunities to work abroad,” Krug said. “The only international experience that many of our students have during their time at Loyola, including our international business majors, is participation in a study abroad program. Many of our students choose to participate in one of College of Business short-term summer study abroad programs.” Krug continued, “These short-term study abroad programs are wonderful experiences, but they don’t give students the opportunity to immerse themselves in a country’s culture and language by living and working there.”
“AIESEC provides paid internships at international companies around the world for three, six, or 12 months. Imagine yourself at 20 years old working for a company like Nike or Microsoft in Paris or Tokyo for a year, learning French or Japanese, and immersing yourself in the culture. These internships are life altering experiences.”
AIESEC students take full responsibility for meeting with local businesses to negotiate internships for foreign students who would like to work for a company in Louisiana. In return, AIESEC’s national headquarters allocates foreign internships to Loyola students. Krug says Loyola members have already hit the ground running.
“We have an outstanding student executive team under sophomore Kristi Weston’s leadership that has already spoken with numerous local companies about creating internships for foreign students in New Orleans. Several Loyola students have already been accepted for internships abroad this summer. It is a tremendous opportunity for Loyola to differentiate itself in the field of international business. It is also a tremendous opportunity for our students to gain leadership experience and to work abroad – experiences they are unlikely to receive without Loyola’s association with AIESEC.”
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