Three Institutions. Developing Leaders. For Joint Impact.
Young Professionals Program (WBG YPP)
The WBG YPP is a starting point for an exciting career at the World Bank Group. Young Professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA. We are looking for applicants who demonstrate a passion for international development, graduate education, relevant professional experience, and the potential to grow into impactful leadership roles across our institutions.
Novel Coronavirus (COVID-19) Update: The World Bank Group is closely monitoring COVID-19 developments. The safety of our current and prospective staff is our highest priority. As of now, YPP recruitment processes will continue as usual and will be modified to virtual platforms as needed. Candidates will receive related updates as the process moves along.
PROGRAM UPDATE: The World Bank and IFC have merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP).
The new program is now accepting applications on behalf of three institutions (the World Bank, IFC and MIGA). Building on the rich legacy of its predecessor programs, the WBG YPP will recruit and develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges.
Young Professionals are recruited from around the world, with preference to nationals of WBG member countries and countries of operations. We welcome all qualified individuals from diverse professional, academic, and cultural backgrounds to apply.
COMPENSATION & BENEFITS
The WBG YPP offers a competitive salary and benefits package as part of a 5-year term contract. Benefits include health, life and accident insurance, a pension plan and possible relocation and mobility benefits depending on WBG guidelines.
To be considered for the WBG YPP, applicants must:
Be born on or after October 1, 1988
Have a master’s or doctoral degree*
Specialize in a field relevant to YPP Business Areas
Demonstrate relevant professional experience or continued study at the doctoral level**
Be fluent in English
The Bank's Group recruitment policy is to hire staff of the highest caliber, on as wide a geographical basis as possible, with preference to nationals of WBG member countries or countries of operations.
*Graduate degree requirements
For WB placement: Complete a relevant graduate degree by June 30, 2020 or a PhD before September 2021. Field of study should be related to a World Bank Business Area.
For IFC & MIGA placement: Complete a relevant graduate degree before September 2021. Field of study should be related to an IFC or MIGA Business Area, including but not limited to: a Master's of Business Administration (or equivalent), Economics, Finance, International Relations, Science and Engineering.
**Professional experience requirements:
For WB placement: Demonstrate 3+ years of relevant experience, or the equivalent in continued study at the doctoral level.
For IFC & MIGA placement: Demonstrate 4+ years of relevant experience in finance, political risk insurance and credit enhancement, project/program development, economic development and/or consulting. Certifications such as the CFA are a plus.
To be competitive, applicants should additionally:
Display a commitment and passion for international development
Possess outstanding academic credentials
Exhibit excellent client engagement, communication and team leadership skills
Demonstrate knowledge of relevant sector trends
The following attributes are a plus:
Work experience in emerging markets or developing countries
Full proficiency in one of the following official WBG languages: Arabic, Chinese, French, Portuguese, Russian, and Spanish
Applications for the inaugural WBG YPP cohort are open from June 1 – June 30 for all profiles and will reopen from August 17 – September 21 for IFC and MIGA profiles only.
2 Short Essays
Short Summary of Thesis or Dissertation (World Bank candidates only)
3 Professional or Academic Recommendations**
*Diploma, Degree Completion Letter, Proof of Enrollment w/ Expected Graduation Date or Transcript.
**Recommendations will be requested via email during the eligibility screening stage.
Question 1 In 500 words or less, please tell us what inspires you to work at the World Bank Group and why you would be a good fit for the WBG YPP. You may incorporate your personal and professional experience (area of expertise, region or sector) in your answer.
Question 2 In 500 words or less, please share your thoughts on the value of the new World Bank Group Young Professionals Program and why joint WBG solutions (public, public-private & private) to development challenges are so important.
The World Bank Group is closely monitoring COVID-19 developments. To ensure the safety of our current and prospective staff, the 2020 YPP interviews will be conducted virtually. Additional activities may include:
An assessment center, where you will be asked to review and discuss documents
Timed computer-based financial tests
Applicants who are invited to interview will be provided with more detail as the process moves along.
Candidates are assessed based on experience, technical expertise, and competencies such as client orientation, leadership and communication.