It is a unique opportunity for younger talent who have both a passion for international development--be it for working in Operations or in some Corporate areas--and the leadership potential to grow in fascinating top technical and managerial roles in the World Bank Group. The Program is designed for highly qualified and motivated individuals skilled in areas relevant to the WBG technical/operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources and others; as well as to WBG corporate areas such as communications, information technology, human resources and corporate finance. To be competitive for this highly selective program, candidates need to demonstrate a commitment to development, proven academic success, professional achievement, and leadership capability.
We value diversity in our workplace, and encourage qualified men and women with diverse professional, academic, and cultural backgrounds to apply. Since its inception, the YP program has hired over 1,700 people who hold or have held positions ranging from entry-level to vice presidents and managing directors. It is a unique opportunity to experience development and gain exposure to the World Bank’s operations and policies if you are applying to the Operations or Corporate streams.
The following are the minimum requirements to be eligible for the Young Professionals Program.
- Citizenship of a member country of the World Bank
- 32 years of age or younger (i.e. born on or after October 1, 1983)
- A PhD or Master’s degree and relevant work experience[?]
- 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
- Specialization in a field relevant to the WBG Technical/Operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources and others; and other WBG corporate areas such as communications, information technology, human resources and corporate finance.
- At least 3 years of relevant professional experience related to development or continued academic study at the doctoral level
To be competitive for the limited number of positions, a combination of the following credentials is highly desirable:
- Display a commitment and passion for international development
- Possess outstanding academic credentials
- Exhibit excellent client engagement and team leadership skills
- Have international development country experience (operations stream); have an experience working internationally (corporate stream)
- Be motivated to relocate and undertake country assignments (operational stream)
The application for the 2016 Selection Process for the Young Professionals Program at the World Bank will open from June 15 through July 31, 2015. Specifics of the selection process timeline will be shared then.
Compensation & 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 also provides disability and Workers' Compensation coverage to staff at no cost.
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 Benefits on Appointment: These benefits are only applicable to staff who are not residents of the Greater Washington-Baltimore metropolitan area at the time of appointment.
- Relocation Travel: The World Bank will bear the cost of one-way transportation of staff and immediate dependent family from the staff member's residence.
- Relocation Shipment: You may choose to have the World Bank handle your shipping arrangements, or you may elect the Optional Shipment Grant.
- Relocation Grant: A one-time grant is included in the first paycheck to cover the cost of relocation.
Mobility Premium: A financial benefit is provided for a fixed period of time 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 who are based in Washington DC.
Tax Allowance: U.S. staff receive an additional quarterly payment to cover the U.S., state and local income tax liabilities on their World Bank income. Expatriates and U.S. permanent residents do not incur U.S. income tax liability and are thus not eligible for this benefit.
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.
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