Private company

AIESEC

Logo: AIESEC Greece, CC BY-SA 4.0, via Wikimedia Commons3

Student not-for-profit organization

AIESEC ( EYE-sek) is an international "youth-run" and led, non-governmental and not-for-profit organization that provides young people with business development internships. The organization focuses on empowering young people to make a progressive social impact. The AIESEC network includes approximately 40,000 members in 120+ countries.2 Its revenue was $3.2 million in 2019.1 Wikipedia text CC BY-SA 4.0

Last updated Oct 21, 2026.

Overview

1948Founded1
  • HeadquartersMontreal1
  • Founded inStockholm1
  • Websiteaiesec.org
  • Legal formnot-for-profit corporation1

AIESEC ( EYE-sek) is an international "youth-run" and led, non-governmental and not-for-profit organization that provides young people with business development internships. The organization focuses on empowering young people to make a progressive social impact. The AIESEC network includes approximately 40,000 members in 120+ countries.2

The story

Founding

The idea behind AIESEC started after World War II, when representatives from schools across Europe exchanged information about various programs and schools that specialized in business and economics. Students had been carrying out internships in other countries, mostly on their own initiative, but this came to a standstill with the onslaught of World War II. In 1944, the neutral Scandinavian countries were still exchanging students. Bertil Hedberg, an official at the Stockholm School of Economics, and students Jaroslav Zich (of Czechoslovakia) and Stanislas Callens (of Belgium), founded AIESEC on July 2, 1948, under the name Association Internationale des Etudiants en Sciences Economiques (AIESEc) with a headquarter in Prague and Jaroslav Zich as the first President of the association.

At the time of AIESEC's founding at the end of the 1940s, Europe was in the midst of recovery from the war that dealt grave losses. Factories and enterprises were in desperate need of executives, managers and leaders. The continent needed more than just business development, however; the war had severely damaged relations between European nations, and many members of the community felt steps needed to be taken to address this problem. AIESEC was formed to address both of these concerns. In 1948, a renewing development of the association was initiated, with implementation of international meetings (congresses), replacing the practice of governance from the headquarter. The first broad meeting was held by students from 9 universities of 7 countries in April 1948 in Liège (Belgium). Then the official, constitutive assembly (the congress) was organized in 1949 in Stockholm with Bengt Sjӧstrand as the President and Sweden as the Presiding Country for 1949/1950. Students from seven nations: Belgium, Denmark, Finland, France, Netherlands, Norway and Sweden, came together for that first International Congress of AIESEC.

In 1949, 89 students were exchanged by AIESEC among the member nations. The next two annual congresses were conducted in Stockholm, presided by Bengt Sjӧstrand, and in Paris, presided by Jean Choplin, respectively. At those congresses the organization's mission was stated: "to expand the understanding of a nation by expanding the understanding of the individuals, changing the world one person at a time." Also a constitution for the organization defined a purpose: "AIESEC is an independent, non-political, and international organization which has as its purpose to establish and promote the friendly relations between the members."

Global expansion

The organization grew exponentially in the following years, with more than 1,000 exchanges taking place in 1955 alone. In the following few years, AIESEC quickly became global by establishing its first North American member, the United States, in 1957, and its first South American and African members, Colombia, Venezuela, and South Africa, in 1958.

For the first years of its existence, AIESEC had no central governing body, but was instead managed jointly by a Presiding Country Committee composed of the National Committee Presidents of each member nation. As the organization grew, a central governing body was created and led by a democratically elected Secretary General. Morris Wolff, from the United States, was chosen as the first Secretary General in 1960, and established the first permanent international office for AIESEC in Geneva, Switzerland. Over the following decade, AIESEC expanded to eastern Asia, Australia, and deeper within Europe, Africa, North America, and South America, having a presence in 43 countries by 1969.

In 2010, AIESEC surpassed 10,000 exchanges delivered in a single year for the first time. By 2020, more than 230,000 interactions will have been provided.

From Wikipedia’s article on AIESEC, shared under CC BY-SA 4.0.4

Revenue over time

As stated on Wikidata, in the currency reported.

Revenue

  • 2019$3.2M1

Timeline

  1. 1948Founded Founded in Stockholm1

Sources

The numbers on this page point here. Each one links to the record it came from.

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