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An internship abroad: From the classroom to South Africa

BUSINESS, LAW + POLITICS | October 4, 2019
STORY BY: EDITORIAL STAFF

Article courtesy of the Weatherhead School of Management.

An Illinois native, 窪蹋勛圖厙 basketball player and, as of this summer, an international intern.

Michael Volkening, a third-year finance major who had never previously traveled overseas, knew he wanted to push himself out of his comfort zone this summer. Thats why when his professor, Michael Goldberg, mentioned a startup in South Africa looking for an intern, he jumped at the opportunity.

I knew I wanted to intern at a startup company because I wanted to make an impact, Volkening said.  I also was looking for a company with a mission statement that I agreed with. Zlto met all the criteria I was looking to accomplish this summer.

Zlto is a small financial technology (FinTech) startup in Bridgetown, South Africa, that uses blockchain technology paired with its own currency to combat the youth unemployment rate (ages 15-24), which is currently at an alarming 55%.

On his first day, Volkening was greeted with a hug by the owner of the company, who he soon learned would be his manager for the summer. Thats when he knew this internship was different than he expected.