For many recent college and b-school students and graduates, heading overseas to gain international work experience provides an excellent alternative to diving into a jobless job market, reports a BusinessWeek article entitled "Interns Head Abroad for Work Experience."
American companies place a high premium on international work experience, and as the job market tightens and positions become more competitive, students are flocking to these international positions to raise their competitive edge before returning to the U.S. job arena.
Between the years 2000 and 2008, the number of students working abroad for academic credit doubled from 7,000 to 14,000 students. The prices for these international internships have also increased, so parents and students must make sure that their investments pay off. Certain international organizations help reduce costs by offering fellowships or grants to work abroad students. Israel's MASA program and Germany's DAAD program are two such programs that have both seen increases in attendance in the last few years.
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