Giorgio Di Pietro’s recent study, “Do Study Abroad Programs
Enhance the Employability of Graduates?” investigates an important facet of
international exchange. One of the most
oft-cited rationales for internationalization in general is the economic benefit. As the Committee for Economic Development’s
2006 report, “Education for Global Leadership” claims, “…American
multinationals’ success in expanding their sales in overseas markets depends on
their understanding of the culture, language, and customs of local
markets.” To achieve this success, they
need employees who are culturally and linguistically competent. Di Pietro’s study seeks to determine whether
companies have started taking this into account in their hiring processes.
Di Pietro’s study examines the employment likelihood of
graduates who studied abroad versus those who did not. His data source was a 2007 survey from the
Italian National Statistical Institute; he concentrates on the observation of
whether the graduate has participated in a study abroad program. After removing the effects of other
observable and unobservable student characteristics from his equation, he
determines that studying abroad does indeed have a positive effect on
employability. In fact, according to his
data, “The magnitude of the employment-enhancing effect of studying abroad is
found to be slightly greater than that related to having continuously worked
during university (relative to not having worked).” He concludes that graduates who studied
abroad are approximately 22.9% more likely to be employed three years after
graduation than their peers who did not study abroad.
This study could serve as an important recruiting tool for
study abroad programs. Being able to
tell prospective study abroad participants that if they do study abroad,
they’ll be 22.9% more likely to land a job, is a very nice selling point. I would be interested to see this study
replicated in the US, to see how the results compare. I fear that companies in the US, a country
historically noted for its “rugged individualism”, may not place the same value
on global competence than companies located in the more metropolitan European
community.
References:
Committee
for Economic Development (CED). (2006).Education for Global Leadership: The
Importance of International Studies and Foreign Language Education for US
Economic and National Security, A statement by the Research and Policy
Committee of the Committee for Economic Development. Retrieved
from: http://www.ced.org/images/library/reports/education/report_foreignlanguages.pdf
Di
Pietro, G. (2015). Do study abroad programs enhance the employability of
graduates?. Education Finance and Policy.
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