World Bank Young Professionals Program offers a great opportunity for young individuals to begin their professional careers in an international organization. Candidates from different academic and professional backgrounds from around the world are desired. Preference is given to candidates who display a strong passion for international development.
World Bank Young Professionals Program aims to identify individuals with the potential to become dynamic, inspiring, and effective leaders. Applicants who adjust to the World Bank Group’s mission throughout their educational journey have higher chances of being selected.
About World Bank Young Professionals Program
The World Bank is an organization comprised of 189 countries and is part of the Bretton Woods system. The World Bank Group consists of five global institutions loyal to sustainable development. The International Program offers valuable learning and growth opportunities for its trainee.
Selected young professionals receive a five-year work contract with the World Bank Group, along with access to various financial products and assistance. Individuals from various cultural, academic, and professional backgrounds are inspirited to apply. The Fully Funded program is a merger of the World Bank’s young professional program and the International Finance Corporation’s young professional program.
The program trainee individuals on behalf of three institutions: the World Bank Group, the International Finance Corporation, and the Multilateral Investment Guarantee Agency. The shared goal of these institutions is to develop future leaders for collective global impact.
Young professionals from the World Bank to experience meticulous on-the-job and classroom training in Washington DC. The two-year leadership development program equips candidates with effective leadership skills to make a difference in global development.
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World Bank Young Professionals Program Offers:
The two-year leadership development program equips candidates with effective leadership skills to make a difference in global development.
- The program offered by the World Bank Group includes professional experience, leadership development, global rotation, policy training, networking events, job placement, and more.
- Along with skill development, the program provides financial benefits to trainee young professionals.
- This article provides a comprehensive overview of the application process, including eligibility criteria, application deadlines, and the benefits of the World Bank Group Young Professionals Program 2023
Host Country: USA
Host Organization: The World Bank Group
Duration: 2 Years
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Scholarship Value/ Inclusion for World Bank Young Professionals Program
- A competitive salary based on applicant qualifications and experience.
- The World Bank Group provides life and accident insurance to all employees at no cost.
- There is a pension plan available for employees.
- The World Bank Group will cover the costs of relocating when you are appointed.
- When your employment ends, the World Bank Group provides resettlement benefits.
- Expatriate staff receive a mobility premium to cover visa processing and residency status.
- Employees are granted paid leaves, including:
- 26 days of annual leave
- 15 days of annual sick leave
- Potential leave of 100 days for the primary caretaker and 50 days for the secondary caretaker.
- The workplace offers health services, a fitness center, child care facilities, and a lactation room.
Eligibility Criteria for World Bank Young Professionals Program
- The candidate needs to have a master’s or doctoral degree in a related field.
- The applicant’s area of expertise should align with the specific business area of the Young Professionals Program (YPP Business Areas).
- The candidate should have relevant work experience or be willing to pursue a doctoral program.
- High level English proficiency is required.
- Candidates from World Bank Group member countries and countries where the Bank operates will be given preference.
- The candidate should be born on or after October 1, 1990.
IFC and MIGA Recruitments
- The applicant needs to have finished their graduate degree before September 2023.
- The applicant’s field of study should be relevant to the IFC and MIGA business areas.
- A minimum of 4 years of work experience in related fields is required.
- The relevant fields of experience include finance, political risk insurance, credit enhancement, project or program development, economic development, or consulting.
- Possessing CFA certificates is considered an advantage.
Required Documents for the WBG YPP 2023:
- Write a short essay.
- Summary of their thesis or dissertation.
- Three recommendation letters are needed, which can be academic or professional.
- Diploma or degree certificate.
- If applicable, include proof of enrollment and the expected graduation date.
How to Apply
- Before applying, make sure you meet all the eligibility criteria and have the required documents.
- The application needs to be completed within a 90-minute session. Once the session starts, you cannot save the application for later.
- Choose one of the three institutions (WB, IFC, MIGA) based on your skills and academic background.
- Duplicate applications will not be accepted.
- Write a short essay of 750 words or less, explaining how the World Bank Group can help our country’s clients achieve green, resilient, and inclusive development.
- Shortlisted candidates will be invited for virtual interviews in the next stage of the process.
- During the recruitment process, candidates will undergo a time-based computer-based financial test.
There are two different deadlines for the application.
- For all profiles: July 3 – July 31, 2023.
- For IFC and MIGA profiles only: August 15 – September 30, 2023.