In December, VSB received an early Christmas present from the Freeman Foundation in the form of a $100,000 award to support student internships in Asia. The proposal was a collaborative effort led by CGL Director Kim Cahill, Education Abroad Director Liz Campanella, and Associate Director of Corporate and Foundation Relations Rhonda Moyer.
Villanova’s Strategic Plan calls for dedicating additional funds and resources to prepare graduates for success in a global environment which includes creating opportunities for students to study and work in key emerging markets, such as Asia. Funds from The Freeman Foundation will provide 20 scholarships for VSB undergraduates to take part in the University’s internship programs in Asia. This will include providing support for students in the successful Shanghai Business and Communication Internship program, the Hong Kong Global Citizens program, and expanded internship opportunities in other locations throughout East and Southeast Asia.
Bloomberg Businessweek ranks VSB third among undergraduate business schools in the nation for internship placements. Exposure to international opportunities is fundamental to VSB’s mission and nearly one quarter of VSB students pursue an International Business (IB) co-major or minor. US News & World Report ranks VSB’s undergraduate IB program 22nd in the nation.
Securing funding from The Freeman Foundation is transformational for the university, and more importantly, for our students who could not otherwise afford this life-changing opportunity. Expanding and enhancing internship opportunities in Shanghai and Hong Kong, dynamic cities in the world’s fastest changing nation, will be an invaluable experience in today’s competitive global economy.
Developing new internship opportunities and leveraging relationships with Villanova alumni and their organizations throughout Asia will significantly expand Villanova’s reach and broaden students’ perspective about how business is conducted in another part of the world. Students will experience new cultures and professional environments that will enhance their abilities and challenge their world perspective, and they will create a vast network of professional contacts that will prove invaluable in our increasingly interconnected world.
All internships are credit bearing and students receive three Villanova credits toward their academic requirements; however, most international internships are unpaid. CGL will oversee the scholarship applications and awards, program evaluation and reporting requirements.