Paid IFC and MIGA Roles in the World Bank Group Young Professionals Program (WBG YPP) 2021

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Sign up for the 2021 World Bank Group Young Professionals Program (WBG YPP), a merger of  The World Bank’s and IFC’s respective Young Professionals Programs, to start a progressive career at the World Bank Group. 

Courtesy of the World Bank, IFC, and MIGA, Young Professionals recruited in the program will engage in intensive training, learning the fundamentals of leadership and development operations across institutions, and how to identify opportunities for collective impact.

 Application Deadline: September 21, 2020

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Benefits

Successful professionals in the program will receive

  • A salary and benefits package as part of a 5-year term contract. 
  • Medical insurance(health, life, and accident) 
  • A pension plan
  • Likely relocation and mobility benefits

Additionally, the program features:

  • Professional Experience: Young Professionals in the program occasionally get to join field missions, where they work on the frontlines of WBG operations and directly engage clients.
  • Leadership Development: Opportunity to develop the foundational knowledge to contribute to the WBG business and the competencies to lead. Activities range from leadership and professional development workshops to networking, mentorship, and conversations with WBG leadership.
  • Training on WBG Policies, Products & Operations: Intensive training on the policies, products, and operations of the World Bank, IFC, and MIGA. 

This implies that YPs will learn how to operationalize joint WBG solutions to development challenges and retain and apply this knowledge for a long time.

  • Global Rotations across WBG: Participation in at least one rotation within their home institution, with some engaging in additional courses to another institution, to develop and apply skills across the business.

Rotations are a core component of the curriculum, providing YPs the exposure to understand how the institutions work (and can work together) and how to align their skills to priority areas, like countries affected by fragility, conflict, and violence (FCV), and other challenging environments.

  • Coaching & Mentoring: YPs will be assigned to several mentors at the peer and departmental level.
  • 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.

Eligibility

  • To be eligible for application to the program, applicants must:
    • Be born on or after October 1, 1988
    • Have a master’s or doctoral degree*
    • Specialize in a field related to YPP Business Areas 
    • Show relevant professional experience or continued study at the doctoral level**
    • Be fluent in English
  • *Graduate degree requirements:
    • For World Bank placement: Complete a relevant master’s degree by June 30, 2020, or Ph.D. before September 2021. Fields of study should be related to a World Bank Business Area.
    • For IFC & MIGA placement: Complete a relevant graduate degree before September 2021.  Fields of study should be related to an IFC or MIGA Business Area

This includes but is not limited to a Master’s of Business Administration (or equivalent), Economics, Finance, International Relations, Science, and Engineering.

  • **Professional experience requirements:
    • For World Bank placement: Show over three years of relevant experience, or the equivalent in a continued study at the doctoral level.
    • For IFC & MIGA placement: Display over four years of relevant experience in finance, political risk insurance, and credit enhancement, project/program development, economic development, and consulting. Certifications such as the CFA are a plus.

Requirements/Specifications 

  • The Bank’s Group recruitment policy is to hire individuals of the highest caliber, on as wide a geographical basis as possible, with preference to nationals of WBG member countries or countries of operations.
  • Young Professionals 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.
  • To be granted preference, 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
  • Candidates with the following qualifications will be granted priority:  
    • 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
  • Young Professionals are placed into several priority areas of the WBG business. To be eligible for the WBG YPP, candidates must show expertise and experience in at least one of the topics of the YPP Business Areas. Visit World Bank, IFC or MIGA or here to learn more about these business areas.
  • Candidates must 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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Application Instructions

The application is free to all applicants. To apply, 

  • Learn more about the program through FAQs 
  • Submit a complete application package consisting of the following: 
    • Resume/CV
    • Academic Credentials (Diploma, Degree Completion Letter, Proof of Enrollment w/ Expected Graduation Date or Transcript).
    • Short Summary of Thesis or Dissertation (World Bank candidates only)
    • 3 Professional or Academic Recommendations

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

    • 2 Short Essays 
      • Question 1: Not exceeding 500 words, detail what inspires you to desire 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: Not exceeding 500 words, state your opinion 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.
  • Click here to apply. 

About the World Bank Group Young Professionals Program

Administered by the World Bank Group in over 50 years, the Young Professionals Program (YPP) has partnered with exceptionally talented young minds to contribute to the World Bank Group’s top goals, from poverty eradication, social development, and climate change to the current response to the COVID-19 crisis. 

The World Bank Young Professionals Program (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) recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC and MIGA, will start the program in Washington, DC, where they engage in intensive training and get to work on the frontlines of international development.

The program is 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.

Currently, the program accepts applications on behalf of three institutions (the World Bank, IFC, and MIGA).  

Key Dates and Order of Program

 Applications will close by September 21 at 11:59 PM UTC (Coordinated Universal Time)).

Assessment activities include:

  • Assessment center, where candidates will be asked to review and discuss documents
  • Timed computer-based financial tests

All submissions will be reviewed, and shortlisted candidates will be virtually interviewed.

Applicants who are invited to interview will be provided with more detail as the process moves along.

Candidates will be evaluated based on the following criteria: 

  • Experience 
  • Technical expertise
  • Competencies such as client orientation, leadership and communication.

Due to the COVID-19 state, the YPP interviews will be conducted online.

 The program will commence in Washington, DC, United States of America.

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