This goes for anyone considering IBCE or the International Business Chinese Enterprise program.
Here is a miniature flow chart.
Do you have a rich family and connections which will help you land a position at a huge investment bank?
If the answer to that question is yes, do this program, otherwise, DON’T DO IT.
The program provides you no additional benefits to further your career or improve your chances at landing a job. If you think this program will help you get a backdoor into the USC IB program, you are right, it does, but you need to value the costs. Think about this:
Your first year, you are allowed to do what you want at USC, get involved in clubs, join a fraternity or sorority, make friends, and maybe meet the love of your young life. None of any of these things will matter or do anything if you stay in IBCE. After the first year, you get one month off to pack and they ship you to Hong Kong to start taking Chinese classes. You do nothing but Chinese for two months. I wish I could say this strongly improved my Chinese skills, but it didn’t. (I will get back to this.) You get one more month off, if you are lucky, and then you begin classes. You have to take 2 Chinese classes per semester, which allows you significantly less time than your peers to take the necessary course work to graduate. Oh, and those Chinese classes you take don’t actually count towards anything, other than satisfaction for your power hungry advisors. Ok, so you get done with the year and you get six weeks off, and then have to take a mandatory program in Taiwan, which is nothing special and is a thousand dollars, and a month of your time. If you weren’t in this program, you could take this time for an internship.
Now you are back at USC for your third year… Remember that stuff you did Freshman year? Good, because you are the only one. No one else cares. Many of your friends are highly unlikely to remember you because you are coming back after not seeing them for a year and now have very little in common. Many of the clubs you were in barely have a spot for you because they expect continuity. You have nothing. During this time, you will apply to internships, only to realize you have no experience to speak of because you spent both the summers you would have gained experience “learning Chinese”. Do you think anyone cares about that? Nope. You are a dime in a dozen, they have so many applicants who have also taken Chinese. You want to speak highly of your time in Hong Kong? Well, all you have really done is go to and come back from class and maybe get a tutoring job so you have alcohol money. You don’t got nothing. Now you will go to a second rate internship (UNLESS YOU USE YOUR FAMILY CONNECTIONS TO GET SOMETHING AT A FANCY PLACE.) which won’t offer you a full time position.
Now it’s time for your senior year. All of the places which recruit will be back at USC, but you are in Hong Kong, where you have to the 12-hour time difference, which along with the distance makes it borderline impossible to land any position at all. You are trying to get a job post college so you don’t need to move back in with your parents or mooch off of them to go to graduate school. But you can’t. No one who has looked at your resume is excited to hire you. Yay.
Oh and you know those Chinese skills which would give you distinction? It sucks, because Hong Kong doesn’t speak Putonghua (mandarin). They speak Cantonese, and if you try Mandarin, they ask for English. So you get zero exposure, and nothing to benefit you there. If you were in mainland China for a longer stretch of your education, I would say that would be good, because you are actually immersed in Chinese Language and the people around you are more likely to pick up more of the language.
Ok, so now let’s talk about the advisors. They make you sign a contract to keep your GPA above a certain number, and that you understand you will attend the first summer of language classes. After this, they will say you are required to pass the HSK IV or the second “optional summer” is now mandatory. So you know that your future prospects are in danger and you ask them to do something. What do they offer? Drop the program or do as they say. That’s it, that is all. If you don’t drop the program, your future is screwed. If you don’t do this program, you won’t get in to IB which could well be the reason that you came to South Carolina, and you just wasted your opportunity to go to a better opportunity. (Don’t get me wrong, I love Carolina, but with my GPA and SAT scores coming out of high school, I could have gone to better schools with better opportunities with less stress, if I had known.) Congrats. You are screwed. So many people end up dropping anyway in hope they can salvage something out of nothing. That is why the retention rate is close to 20%.
Now you have no job, no great opportunity to land a job, and you are forced to go back and pay more money to USC because they are the only place that will accept you to graduate school. You look back and realize that your huge mistake was doing IBCE. Don’t be that guy, don’t do IBCE.
I wish I could speak to someone who has gotten through this program and didn’t fit criteria one (Family money/connections) and ended up being as successful as the advisors make it sound. Then again, those people would be successful regardless of whether or not they did this program.