World Bank Young Professionals Program
The World Bank Group is offering a five-year contract to highly qualified and motivated individuals skilled in areas relevant to the WBG technical/operations
31st July, 2018 (midnight EST).
Offered annually? Yes
member countries of the World Bank Group
Eligible Field of Study: The Program is designed for such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources and others.
About the Award: For more than 50 years, the World Bank’s Young Professionals Program has been the preeminent program preparing global development leaders.
Placed directly with their respective hiring teams, Young Professionals are expected to make significant contributions towards the unit’s work program while they gain a broad overview of the WBG’s policies and work. As part of their two-year program and in line with their hiring units’ business needs and Young Professionals interests, they are expected to undertake a ‘stretch/exposure assignment’ where they will gain valuable on-the-job experience.
The following are the minimum requirements to be eligible for the Young Professionals Program:
- Citizenship of a member country of the World Bank Group
- Be born on or after October 1, 1986
- A PhD or Master’s degree and relevant work experience
- Fluency in English
- Full proficiency in one or more of the WBG’s working languages: Arabic, Chinese, French, Portuguese, Russian, and Spanish is desired but not required
- Specialization in a field relevant to the WBG Technical/Operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources, and others
- At least three years of relevant professional experience related to development or continued academic study at the doctoral level
Additional Qualifications: To be competitive for the limited number of positions, a combination of the following credentials is highly desirable:
- Display a commitment and passion for international development
- Possess outstanding academic credentials
- Exhibit excellent client engagement and team leadership skills
- Have international development country experience
Candidates will be assessed based on three main competencies:
- Client Orientation: Commitment to Clients, Results Orientation, Integrity and Ethics
- Professional Experience: Technical Expertise (Depth & Breadth), Strategic Perspective, Problem Analysis
- Team Leadership: Teamwork, Listening and Communication, Innovation, Negotiation
Number of Awardees: Forty (40)
Value of Programme: Young Professionals spend 24 months of Five years in a structured development program, and enjoy a ‘stretch/exposure assignment’ where they will gain valuable on-the-job experience.
Compensation and Benefits
Salary: As an entry-level professional in the WBG, Young Professionals are offered an internationally competitive salary, based on their education and professional experience.
Health, Life, Accident, and Other Insurance Programs: Young Professionals and their families (including declared domestic partners) may choose from three comprehensive medical/dental benefit plans. The WBG also provides basic life and accident insurance to all staff at no cost, and staff can elect optional life and accident insurance plans. The WBG provides disability and workers’ compensation coverage to staff at no cost.
Pension Plan: The WBG sponsors a comprehensive pension plan for eligible staff. Upon separation from the WBG, either a lump sum or a pension will become payable to the staff based on eligibility.
Relocation Benefits: These benefits are only applicable to staff who are not residents of the greater Washington-Baltimore metropolitan area at the time of appointment.
Relocation Travel: The World Bank will bear the cost of one-way transportation of staff and immediate dependent family from the staff member’s residence.
Relocation Shipment: You may choose to have the World Bank handle your shipping arrangements or you may elect the Optional Shipment Grant.
Relocation Grant: A one-time grant is included in the first paycheck to cover the cost of relocation.
Mobility Premium: A financial benefit is provided for a fixed period to cover expenses associated with being an expatriate staff member, based on family size and nationality. This benefit is not available for U.S. citizens and U.S. permanent residents who are based in Washington, DC.
Tax Allowance: U.S. staff receive an additional quarterly payment to cover the federal, state, and local income tax liabilities on their World Bank Group income. Expatriates and U.S. permanent residents do not incur U.S. income tax liability and are thus not eligible for this benefit.
Financial Assistance: The World Bank Group offers several financial assistance programs, including a two-year interest-free settling-in loan to those who relocate upon appointment.
Duration of Programme: Young Professionals are offered a 5-year term contract
How to Apply: Click here to apply
It is very important to go through the Application Process of the World Bank YPP in the Program
Award Provider: World Bank Group