World Bank Young Professionals Program is offering a five-year contract to highly qualified and motivated individuals skilled in areas relevant to the WBG technical/operations
Application Timeline: 30th June, 2020 (midnight EST).
Eligible Countries: 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 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.
Type: Internships/Jobs
Eligibility: The following are the minimum requirements to be eligible for the Young Professionals Program:
Additional Qualifications: To be competitive for the limited number of positions, a combination of the following credentials is highly desirable:
Selection Criteria: 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: 45 to 50
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:
To be considered for the WBG YPP, applicants must submit:
*Transcripts should display an expected graduation date, if currently enrolled.
**Recommendations will be requested via email during the eligibility screening stage.
Short Essays
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.
It is very important to go through the Application Process of the World Bank YPP in the Program Webpage (Link below) before applying.
Visit Program Webpage for details
This post was last modified on June 1, 2020 8:13 am
