World Bank Young Professionals Program 2023

Simon Tyrus CaineJuly 4, 2023

0 6 minutes read

World Bank Young Professionals Program

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World Bank Young Professionals Program 2023 Key Program Features: World Bank Young Professionals Program FOLLOW US ON SOCIAL MEDIA

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.

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World Bank Young Professionals Program 2023

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 program now recruits on behalf of three institutions (the World Bank, IFC and MIGA). Building on the rich legacy of its predecessor programs, the WBG YPP aims to 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.

We invite you to browse this website and explore the many opportunities of joining the WBG YPP.

PROGRAM

The WBG YPP is a two-year leadership development program at the start of a five-year employment contract with the World Bank, IFC or MIGA. Young Professionals (YPs) start the program in Washington, DC, where they engage in intensive training—on-the-job and in the classroom—learning the fundamentals of leadership and development operations across institutions, and how to identify opportunities for joint impact.

Key Program Features: World Bank Young Professionals Program

Professional Experience YPs are full-time employees, making significant contributions to their respective unit’s work program, while building networks and knowledge across the Bank Group through the YPP. They often join field missions, where they work on the frontlines of WBG operations, learning key aspects of our work and directly engaging with our clients.

Leadership Development Through the WBG YPP curriculum, YPs develop the foundational knowledge to contribute to our business and the competencies to lead. Activities range from leadership and professional development workshops to networking, mentorship and conversations with WBG leadership.

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Training on WBG Policies, Products & Operations YPs engage in intensive training on the policies, products and operations of the World Bank, IFC and MIGA. This aspect of the WBG YPP curriculum ensures that YPs know how to operationalize joint WBG solutions to development challenges, and how to retain and apply this knowledge for years to come.

Global Rotations across WBG YPs participate in at least one rotation within their home institution, with some engaging in additional rotations to another institution, with the goal of developing and applying skills across the business. Rotations are a core component of the curriculum, providing YPs the exposure to understand how our institutions work (and can work together) as well as how to align their skills to priority areas, like countries affected by fragility, conflict and violence (FCV), and other challenging environments.

Coaching & Mentoring YPs are assigned several mentors at the peer and departmental level. Mentors can provide advice on various topics ranging from settling into Washington, DC to identifying career opportunities throughout the YP experience, and beyond.

Networking Events In addition to the program orientation and graduation ceremonies, the WBG YPP office organizes regular events for YPs to stay in touch with program alumni, stakeholders and broader WBG staff.

Management Supported Rotations & Job Placements YPs are provided management-level support in their transitions to rotations and post-YPP job placements, ensuring their skills are best placed across the business.

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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, 1991
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 World Bank & MIGA placement: Complete a relevant master’s degree by September 2023 or PhD before September 2024. Fields of study should be related to a World Bank or MIGA Business Area.

For IFC placement: Complete a relevant graduate degree by September 2024. Fields of study should be related to an IFC 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 World Bank & MIGA placement: Demonstrate 3+ years of relevant experience, or the equivalent in continued study at the doctoral level.

For IFC placement: Demonstrate 4+ years of relevant experience in finance, project/program development, economic development and/or consulting. Certifications such as the CFA are a plus.

ADDITIONAL CONSIDERATIONS

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

YPP BUSINESS AREAS

YPs are placed into several priority areas of the WBG business. To be eligible for the WBG YPP, candidates must demonstrate experience in at least one of the topics listed below. For more information on these business areas, please review the following websites: World Bank, IFC or MIGA.

GLOBAL PRACTICES

GLOBAL THEMES

Climate Change

FIELDWORK FOCUS

The WBG YPP offers Young Professionals a unique opportunity to work on the frontlines of international development. Candidates should be willing to relocate to field-based assignments, especially those supporting client countries experiencing Fragility, Conflict and Violence (FCV) and other challenging environments.

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Applications are open July 3 – July 31 for all profiles and from August 15 – September 30 for IFC profiles only.

Note: Before applying, ensure that you meet all eligibility requirements and have reviewed the application checklist below, for required material. Applications must be completed by 11:59 PM UTC (Coordinated Universal Time) on the last day of the application period. On the application, candidates must select the institution that they believe best aligns with their skillset (the World Bank, IFC or MIGA). Duplicate applications will not be reviewed and will not increase one’s chances of selection.

APPLICATION CHECKLIST

Resume/CV
Academic Credentials*
1 Short Essay
Short Summary of Thesis or Dissertation (World Bank candidates, only if applicable)
3 Professional or Academic Recommendations**

*Diploma, Degree Completion Letter, Proof of Enrollment with Expected Graduation Date or Transcript.

**Recommendations will be requested via email during the eligibility screening stage.

Short Essay Question

Please answer the following (in 500 words or less, for each prompt):

Why would you like to join the World Bank Group Young Professionals Program and what makes you a great candidate for the program? In your response, please also indicate your preference for participating in the program at the World Bank, IFC or MIGA, and why.
Overlapping crises, such as disease outbreaks, climate change impacts, conflicts, and financial crises, coupled with fiscal and resource constraints, pose a complex challenge to many countries. How would you advise the World Bank Group to support countries in addressing that challenge by, amongst other, increasing governments’ capacity to respond and address the needs of their most vulnerable populations, working with the private sector to mobilize and enable financing for development, and engaging with the international community? If possible, please illustrate your response with examples based upon your technical expertise and experience.

THE INTERVIEW

YPP interviews will be conducted in a hybrid format (virtual and in-person) and may include:

Pre-recorded interview (on Hirevue)
Live panel interview
An assessment center, where you will be asked to participate in individual and group exercises
Timed computer-based financial tests (IFC candidates)

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.

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MORE INFORMATION AND APPLICATION ON THE OFFICIAL LINK

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