The World Bank Young Professional Program (WBG YPP) is an opportunity for young professionals who have both a passion for international development and finance and the leadership potential to start a career and grow across the World Bank Group (WBG).
Starting from June 2020, the WBG YPP is accepting applications on behalf of three institutions: the World Bank, International Finance Corporation (IFC) and Multilateral Investment Guarantee Agency (MIGA). Areas of work include agriculture economics, finance and political risk insurance in emerging markets, education, health, social sciences, infrastructure development, engineering, urban planning, natural resource management and others.
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- National of a member country of the World Bank Group;
- 32 or younger at the time of application,
- Fluent in English;
- Graduate degree in a relevant field;
- For WB placement: 3+ years of relevant experience, or the equivalent in continued study at the doctoral level;
- For IFC & MIGA placement: 4+ years of relevant experience in finance, political risk insurance and credit enhancement, project development, economic development and/or consulting. Certifications such as the CFA are a plus
II. SELECTION PROCESS
i) Online Application
Applications open in June, and re-open for IFC & MIGA profiles in August-September. Candidates prepare and submit an application online on the WBG website.
All applications are reviewed on the subject of meeting the minimum eligibility criteria in July-September, followed by a selection process of top-performing candidates in September-October.
iii) Interview & Assessment
Shortlisted candidates receive invitations to take part in interviews and assessments scheduled at WBG Headquarters in November-December. Candidates are assessed based on experience, technical expertise, and competencies such as client orientation, leadership and communication.
Successful candidates are informed of the final results in December-February. New WBG YPP cohort joins the WBG in September. 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. As part of the two-year curriculum, YPs 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 WBG business.
III. KEY PROGRAM FEATURES
i) 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.
ii) 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.
iii) 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.
iv) 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.
v) 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.
vi)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.
vii) 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.
IV. 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.