Young Professionals World Bank/MIGA/IFC Young Professionals Program 2021: The new 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.
Young Professionals are recruited from around the world, with preference to nationals of WBG member countries and countries of operations. We welcome all qualified individuals from diverse professional, academic, and cultural backgrounds to apply.
World Bank, MIGA and IFC will merge their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP). Applications are open.
Eligibility Criteria For Young Professionals World Bank/MIGA/IFC Young Professionals Program 2021: We welcome all qualified individuals from diverse professional, academic, and cultural backgrounds to apply. Sub-Saharan African nationals, Caribbean nationals, women, and persons with disabilities are strongly encouraged to apply.
- Born on or after October 1, 1988
- Master’s or doctoral degree*
- Specialization in a field relevant to YPP Business Areas
- Relevant professional experience or continued study at the doctoral level**
- Fluency in English
- 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.
*Graduate degree requirements vary by the institution:
For WB placement: Complete a relevant graduate degree by June 30, 2020, or a Ph.D. before September 2021.
For IFC & MIGA placement: Complete a relevant graduate degree (ex: Master of Business Administration, Economics, International Relations, Science, and Engineering) before September 2021.
**Professional experience requirements vary by the institution:
For WB placement: Demonstrate 3+ years of relevant experience, or the equivalent in the 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.
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: We are looking 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.
Eligible Countries: World Bank member countries
To be Taken at World Bank, IFC or MIGA
Number of Awards: Not specified
Value & Duration of Award: YPs are offered 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.
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 our business. WBG YPs make significant contributions to their host unit’s work program while building networks and knowledge of our policies and operations –on the job and in the classroom.
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. Also, as part of the WBG YPP curriculum, YPs are encouraged to take rotations in the field.
The WBG YPP curriculum has been designed to ensure that YPs develop a WBG mindset, the foundational knowledge to understand and contribute to our business, and the competencies required for leadership development: collaboration, team-building, integrative thinking, innovation, and continuous learning.
The curriculum includes a blend of learning activities, in a 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 Young Professionals World Bank/MIGA/IFC Young Professionals Program 2021: Applications for the inaugural WBG YPP cohort will open from June 1 – June 30 for all profiles and will reopen from August 17 – September 21 for IFC and MIGA profiles only.
To be considered for the WBG YPP, applicants must submit:
- Academic Transcripts*
- 2 Short Essays
- 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.
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.
Source: WORLD BANK
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