were established, making IAESTE a registered "associacion sans but lucratif" (non-profit organization), with the centre in Luxembourg.

IAESTE exchanges around 7000 students annually playing an important role in giving technical undergraduates and postgraduates practical work experience and a global perspective.

[1] The IAESTE Association is a confederation of National Committees representing academic, industrial and student interests.

The GC makes the formal decisions in IAESTE and is composed of one delegate (National Secretary) from each country.

The Board is an elected body which prepares the work of the General Conference and advises the president.

The international work is funded by member fees based on GDP per capita and the number of students sent abroad and is paid by the National Committees.

Membership is given after the establishment of a National Committee in accordance with the statutes of IAESTE, together with a responsible permanent secretariat.

The type of secretariat which administers the exchange varies according to each country's national structure, educational system and funding policies.

In 2005, an international IAESTE Day was created, for the purpose of global promotion of the organization as well as the celebration of its aims and goals.

Primarily new members of IAESTE meet in a different European city each year during four days in September or October for training sessions and discussion groups.

Each JUMP is combined of six workshop sessions, led by experienced members, that cover the essence of IAESTE activities: Additionally, all participants visit various information boots on the topics of summer reception, career fairs, career websites, etc.

The Central European Convention is a group of several IAESTE member countries in the specific geographic region.

The Central European Convention (CEC) was founded in May 1998 in Tuheljske Toplice, Croatia, on the initiative of Thomas Haim, former National Secretary IAESTE AUSTRIA and Mario Kauzlaric, former National Secretary IAESTE CROATIA.