World Bank/MIGA/ IFC Young Professionals Programs is an individual program from the three groups merged into one World Bank Group Young Professionals Program (WBG YPP). Applications are open to all interested individuals, regardless of background.
Application Deadline: 30th September 2024 (for IFC & MIGA profiles ony)
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About the World Bank/MIGA/IFC Young Professional Program
The World Bank/MIGA/IFC Young Professional Program is now accepting applications on behalf of three institutions (the World Bank, IFC, and MIGA). Thus, building on the rich legacy of its predecessor programs, the WBG YPP will recruit and develop future leaders to collaborate effectively across the host institutions on joint WBG solutions to development challenges.
Therefore, young professionals from around the world can apply, with preference to nationals of WBG member countries and countries of operations. And so, all eligible individuals from diverse professional, academic, and cultural backgrounds can apply.
Type: Internship
Eligibility Criteria for the World Bank/MIGA/IFC Young Professional Program
All individuals from diverse professional, academic, and cultural backgrounds who are eligible can apply for the internship. Mostly, Sub-Saharan African nationals, Caribbean nationals, women, and persons with disabilities are strongly encouraged to apply. Moreover, they must be individuals not more than 32 years on October 1. Even so, they must be pursuing or possess their master’s or doctoral degrees.
Other criteria include:
- Specialization in a field relevant to YPP Business Areas
- Relevant professional experience or continued study at the doctoral level**
- Fluency in English
Additionally, the Banks Group recruitment policy is to hire a 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.
*Also, graduate degree requirements vary by institution.
Therefore:
For WB placement: You must complete a relevant graduate degree by June 30, 2022, or a Ph.D. before September 2022.
For IFC & MIGA placement: You must complete a relevant graduate degree (ex: Master of Business Administration, Economics, International Relations, Science, and Engineering) before September 2022.
**Professional experience requirements vary by institution.
Therefore:
For WB placement: You must demonstrate 3+ years of relevant experience, or the equivalent in a continued study at the doctoral level.
For IFC & MIGA placement: You must demonstrate 4+ years of relevant experience in finance, political risk insurance, credit enhancement, project/program development, economic development, and/or consulting. Certifications such as the CFA are a plus.
Additional Qualifications for the World Bank/MIGA/IFC Young Professional Program
To be competitive, applicants should additionally:
- Display a commitment and passion for international development
- Possess outstanding academic credentials
- Exhibit excellent client engagement and team leadership skills
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.
Selection Criteria for the World Bank/MIGA/IFC Young Professional Program
Applicants must demonstrate a passion for international development, graduate education, relevant professional experience, and the potential to grow into impactful leadership roles across the host institutions.
Eligible Countries: World Bank member countries
To be taken at World Bank, IFC or MIGA
Number of Awards: Not specified
Value and Duration of Award: YPs will receive a competitive salary and benefits package as part of a 5-year term contract. Also, benefits include health, life, and accident insurance, a pension plan, and possible relocation and mobility benefits depending on WBG guidelines.
Professional Experience for the World Bank/MIGA/IFC Young Professional Program
The World Bank/MIGA/IFC Young Professionals Program 2022 is a two-year leadership development program at the start of a five-year employment contract with the World Bank, IFC, or MIGA. As part of the two-year curriculum, young professionals undertake rotational assignments within their host organization, another WBG institution, and/or a field office, where they gain valuable hands-on experience in different areas of the business. Moreover, WBG YPs make significant contributions to their host unit’s work program, while building networks and knowledge of their policies and operations – on the job and in the classroom.
Field Work
Young Professionals are likely to join colleagues on business trips to the field, also called ‘missions.’ These missions allow YPs to work on the frontlines of global development, learning key aspects of our work while directly engaging with clients in developing countries. In addition, as part of the WBG YPP curriculum, YPs are encouraged to take rotations in the field.
Training
The WBG YPP curriculum has been designed to ensure that YPs develop a WBG mindset, the foundational knowledge to understand and contribute to the business, and the competencies relevant for leadership development. And they include collaboration, team-building, integrative thinking, innovation, and continuous learning.
Furthermore, the curriculum includes a blend of learning activities, in the cohort, small group, and individual settings, both online and in-person. Activities range from leadership training and career development workshops to networking, mentorship, and conversations with WBG leadership.
How to Apply for the World Bank/MIGA/IFC Young Professionals Program
Applications for the inaugural WBG YPP cohort will open from June 1 – June 30 for all profiles and will reopen from August 16 – September 20 for IFC and MIGA profiles only.
Application Checklist for the World Bank/MIGA/IFC Young Professional Program
To be considered for the WBG YPP, applicants must submit:
- Resume/CV
- Academic Transcripts*
- 1 Short Essay
- Short Summary of Thesis or Dissertation (World Bank candidates only)
- 3 Professional or Academic Recommendations **
*Transcripts should display an expected graduation date if currently enrolled.
**Recommendations will be requested via email during the eligibility screening stage.
Requirements for the Short Essay
In 6,000 characters or less, please describe:
- Why you are interested in the WBG YPP and in your preferred institution (IBRD, IFC, or MIGA);
- Why you are the right person for the role; and
- How your preferred institution, and the WBG as a whole, should support our clients to contain the impact of COVID-19, working towards a green, resilient, and inclusive recovery
The Interview
The World Bank Group is closely monitoring COVID-19 developments. To ensure the safety of our current and prospective staff, the 2025/2026 YPP interviews will be conducted virtually. Activities may include:
- An assessment center, where you will be asked to participate in individual and group exercises
- Timed computer-based financial tests
In conclusion, Applicants who are invited to interview will be provided with more detail as the process moves along.
- GOODLUCK
Visit World Bank/MIGA/IFC Young Professionals Program Webpage for Details
