With the U.S. economy struggling to recover from the depths of the Great Recession, young people may find it hard to find a job opportunity here at home. There are a number of work abroad programs available that either pay modest sums initially, or can lead to full employment overseas. They also provide unique ways to travel to international locations, which can be appealing and fulfilling in their own right. Below are five current programs for young people to consider.

SEE: How To Pay Taxes If You're Overseas

Peace Corps
The Peace Corps was officially established in 1961 and has sent more than 200,000 volunteers to nearly 140 countries since it was founded. It is also officially a U.S. government agency and sends Americans abroad to assist other countries in a wide array of areas including education, health, environment, agriculture and youth development. Participants are considered volunteers, but are provided with living allowances while abroad. Additionally, the relationships and contacts developed in overseas locations usually prove invaluable and provide opportunities for international employment down the road.

University Programs
Studying abroad is another avenue that can lead to a job overseas down the road, but doesn't tend to pay much initially. Attending university internationally is quite common and available from a high percentage of American-based colleges. The American Institute for Foreign Study (AIFS) also helps organize cultural exchange programs and states it is one of the oldest and largest organizations to do so. It does offer a few paid programs, such as helping foreign students come to the U.S. as summer camp counselors. It also helps facilitate au pair programs across the world.

SEE: You CAN Afford To Study Abroad

Au Pair
The terms au pair and nanny are used interchangeably, but there are some differences. AIFS has a program to help au pairs reach the U.S. for paid assistance. U.S.-based students and individuals also have opportunities to travel abroad and get paid while helping out a host family in an international location. For many individuals, it can represent an appealing way to travel overseas and pursue an education.

Military Service
Joining the U.S. military, such as the Navy or Marines, can frequently lead to overseas opportunities at U.S. bases or other locales. Both military arms also offer international civilian employment for those that may not have served in the military before. A recent perusal of job opportunities includes naval support activity in Bahrain, a commander of U.S. Naval forces in Japan and an opportunity at a Marine Corps base in Africa. In this respect, a military career provides many opportunities to go to unique global locations.

Teaching Opportunities
The U.S. Department of State lists a number of opportunities for Americans to head overseas and teach at international schools. It also operates a separate U.S. agency to help find employment for dependents of the military whose significant others may be stationed in an overseas location. The State Department can also put individuals in touch with private organizations that help facilitate the hiring of teachers in universities throughout the world.

The Bottom Line
Many of these programs are sponsored by organizations that operate between the public and private realms, but they can receive government funding to carry out their missions. Most of these programs also combine the ability to receive modest monetary compensation with an opportunity to live abroad and gain valuable education. Some of these career paths can even lead to a permanent job down the road.

SEE: Advance Your Career With A Finance Job Overseas

Related Articles
  1. Personal Finance

    10 Reasons It Is Time to Look for a New Job

    Learn 10 good reasons for switching jobs, such as major life changes, ethical concerns, job description creep and upwards mobility.
  2. Stock Analysis

    6 Risks International Stocks Face in 2016

    Learn about risk factors that can influence your investment in foreign stocks and funds, and what regions are more at-risk than others.
  3. Investing

    3 Things About International Investing and Currency

    As world monetary policy continues to diverge rocking bottom on interest rates while the Fed raises them, expect currencies to continue their bumpy ride.
  4. Investing News

    Tufts Economists: TPP Will Reduce U.S. GDP

    According to economists at Tufts University, the TPP agreement will destroy half a million jobs in the U.S. by 2025.
  5. Economics

    Governments Ask Tech Giants to Join War on ISIS

    In the US and Israel, governments have asked their respective nations' tech industries to help in the war against ISIS.
  6. Economics

    4 Ways China Influences Global Economics

    Learn the four ways China's economy can influence the global economy. The recent decline in Chinese stock markets should be the least of your worries.
  7. Economics

    Three Reasons 2016 Could Be A Better Year for the Global Economy

    The diminishing commodities market and China's slowing growth hurt a lot of companies and economies worldwide. However, there is a chance that much of the shaking out has already occurred.
  8. Fundamental Analysis

    South Korea - King of Exports

    Read about one the most important and successful exporting countries in the world, and learn more about the types of products it exports.
  9. Investing Basics

    Why You Need More International Stocks

    Most investors never stray beyond their borders. That’s a shame.
  10. Fundamental Analysis

    How Globalization Affects Developed Countries

    The increase in communications technology has companies competing in a global market.
RELATED FAQS
  1. How do mutual funds work in India?

    Mutual funds in India work in much the same way as mutual funds in the United States. Like their American counterparts, Indian ... Read Full Answer >>
  2. What kinds of costs are included in Free on Board (FOB) shipping?

    Free on board (FOB) shipping is a trade term published by the International Chamber of Commerce or ICC, that indicates which ... Read Full Answer >>
  3. What are the differences between B-shares and H-shares traded on Chinese stock exchanges?

    Equity listings in China generally fall under three primary categories: A shares, B shares and H shares. B shares represent ... Read Full Answer >>
  4. What are the differences between H-shares and A-shares on Chinese and Hong Kong stock ...

    Publicly trade companies in China generally fall under three share categories: A shares, B shares and H-shares. A-shares ... Read Full Answer >>
  5. Why are financial markets considered to be transparent?

    Financial markets are considered transparent due to the fact it is believed all relevant information is freely available ... Read Full Answer >>
  6. What risks does a Foreign Institutional Investor (FII) face?

    The term "foreign institutional investor" (FII) normally refers to large, non-Indian companies investing in Indian financial ... Read Full Answer >>
Hot Definitions
  1. Harry Potter Stock Index

    A collection of stocks from companies related to the "Harry Potter" series franchise. Created by StockPickr, this index seeks ...
  2. Liquidation Margin

    Liquidation margin refers to the value of all of the equity positions in a margin account. If an investor or trader holds ...
  3. Black Swan

    An event or occurrence that deviates beyond what is normally expected of a situation and that would be extremely difficult ...
  4. Inverted Yield Curve

    An interest rate environment in which long-term debt instruments have a lower yield than short-term debt instruments of the ...
  5. Socially Responsible Investment - SRI

    An investment that is considered socially responsible because of the nature of the business the company conducts. Common ...
Trading Center