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News & Press: AIESEC US Update

1000+ Exchanges

Saturday, August 19, 2017   (4 Comments)
Posted by: Daniele Lea
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AIESEC and its programs have evolved over the years to meet the changing needs of the students and business partners they work with, and as most people know they no longer have a 1 for 1 exchange system. AIESEC US has evolved too. These changes allowed the 2017-2018 team to reach new heights, and they provided 1007 exchange experiences across the different programs they run. AIESEC US has not been over 1000 exchanges since 1967, quite an accomplishment!  AIESEC US is now ranked 25th in the world for exchange.  They run 6 programs now: 3 incoming and 3 outgoing.  Here are the numbers for 2016-2017 with the number for the last couple years and the changing program balance.

 

AIESEC International only count the 3 programs to avoid double-counting.  Here are the global numbers.


Comments...

Eric L. Anderson says...
Posted Wednesday, September 6, 2017
Hi Drew & All - echo Paul/Daniele's comments on shifting mission of AIESEC-International. I'm an alum from the 1980's, served on Staff, took 2 internships back in the day - also have 4 TN's at my current firm. I also am Chair of the Finance SubCommittee for AIESEC-US BOD. Drew is dead on regarding Global Current (J-1 work/study visa issuing ability) being a significant revenue driver for AIESEC-US. We have made the AIESEC-US Staff teams very aware of revenue streams and are gradually working towards an operating model that is less reliant on GC. Making progress each year. Good news is that: a) we lessened reliance on GC revenue by about 10% last year via better productivity and reduced costs, and b) we have a significant "rainy day" fund that is providing extra security in the event GC revenue is no longer available. Happy to talk further if you like - Eric Anderson (eric1291@gmail.com)
Paul Hamill says...
Posted Tuesday, September 5, 2017
Drew, Daniele is spot on about what's going on here, and yes, the 'ship has sailed' with regards to the declines in professional traineeships (which pains me since I benefited greatly from two traineeships and currently take 12 TNs). AIESEC International has shifted in this direction for a while, and that shift seems to be more pronounced in the past three years or so. This has generated a lot of discussion among alums, but at the end of the day it's student-run.
Daniele Lea (Waldrop) says...
Posted Tuesday, September 5, 2017
You are correct, the major growth is in the volunteer program and there is a steep decline in the professional work opportunities. Coming from the global perspective, I can share there are a number of shifts occurring in the organization driving this change. Surprisingly there is increased demand for shorter opportunities, more of the students are younger versus at the end of their schooling, and do not want to commit for 12-18 months and from a scalability view the shorter ones have a shorter sales cycle. This is not a defense of the current numbers just answers that were shared when similar questions were asked. Yes again, Global Current is not reflected in these numbers and does impact the revenue. The BOD has been working closely with the MC to reduce their reliance on Global Current and there was a significant improvement in the last term which they want to continue. I cannot speak to the revenue model, but we can ask someone to respond.
Drew Weeks says...
Posted Sunday, August 20, 2017
I recognize that the overall numbers are increasing. I see that most of the growth is in sending our talent abroad for volunteer work and a steep decline in Professional work. Also, there are fewer Professionals coming into the USA and more volunteers. I'm concerned about the organization evolving more into a volunteer organization. Maybe that conceptual ship has already sailed. Also, I could be wrong, but is Global current not listed in these numbers? I thought they sold several hundred traineeships per year. I don't think it would make a difference in the student activity realm, but it certainly has a massive affect in the revenue realm. Without Global current, these numbers would be very worrisome based on your AIESEC US's revenue model. Drew Weeks dreweeks@gmail.com

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