World Bank Young Professionals Program 2022 (YPP)

The program is intended for extremely qualified and motivated people who are competent in fields appropriate to WBG technical / operations such as economics, finance, education, government health, social sciences, engineering, urban planning, agriculture, natural resources, to name a few. The program is now accepting applications on behalf of three institutions (the World Bank, IFC and MIGA).  Building on the rich legacy of its predecessor programs, the WBG YPP will recruit and develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges.

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.
• 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.
• 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.
• 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 and Transportation Benefits: These benefits are only applicable to staff who are not residents of the greater Washington-Baltimore metropolitan area at the time of appointment. The World Bank will bear the cost of one-way transportation of staff and immediate dependent family from the staff member’s residence. A one-time grant is included in the first paycheck to cover the cost of relocation
• 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.

Eligibility

• Required Languages: English
• Eligible Countries: The Bank’s Group recruitment policy is to hire 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.
• Must be born on or after October 1, 1990
  Graduate degree requirements:
  – For World Bank placement: Complete a relevant master’s degree by July 15, 2022 or PhD before September 2023. Fields of study should be related to a World Bank Business Area.
  – For IFC & MIGA placement: Complete a relevant graduate degree before September 11, 2023. Fields of study should be related to an IFC or MIGA Business Area, including but not limited to a Master’s of Business Administration (or equivalent), Economics, Finance, International Relations, Science and Engineering.
• Specialize in a field relevant to YPP Business Areas
• Demonstrate relevant professional experience or continued study at the doctoral level
  – For World Bank placement: Demonstrate 3+ years of relevant experience, or the equivalent in continued study at the doctoral level.
  – For IFC & MIGA placement: Demonstrate4+ years of relevant experience in finance, political risk insurance and credit enhancement, project/program development, economic development and/or consulting. Certifications such as the CFA are a plus.
• 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
• Display a commitment and passion for international development
• Must possess outstanding academic credentials
• Must be exhibit excellent client engagement, communication and team leadership skills
• Must be demonstrate knowledge of relevant sector trends
• Must display commitment and passion for international development
• Must exhibit excellent client engagement and team leadership skills
• Must possess outstanding academic credentials
• Must have international development country experience