IFC/MIGA/World Bank Group Young Professionals Program (WBG YPP) 2020-2021 Application

IFC/MIGA/World Bank Group Young Professionals Program (WBG YPP) 2020-2021

Deadline: September 21st 2020

IFC/MIGA/ World Bank Group Young Professionals Program (WBG YPP) 2020-2021 Application

The World Bank and IFC have merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP).

The new program is now accepting applications on behalf of three institutions (the World BankIFC 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.

WHO CAN APPLY?

To be considered for the WBG YPP, applicants must:
  • Be born on or after October 1, 1988
  • Have a master’s or doctoral degree*
  • Specialize in a field relevant to YPP Business Areas
  • Demonstrate relevant professional experience or continued study at the doctoral level**
  • Be fluent in English
  • 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.

Graduate degree requirements:

For World Bank placement: Complete a relevant master’s degree by June 30, 2020 or PhD 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, including but 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: 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.

ADDITIONAL CONSIDERATIONS

To be competitive, 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

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

PROGRAM

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. Young Professionals (YPs) start the program in Washington, DC, where they engage in intensive training—on-the-job and in the classroom—learning the fundamentals of leadership and development operations across institutions, and how to identify opportunities for joint impact.

KEY PROGRAM FEATURES

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.

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.

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.

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.

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.

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.

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.

APPLICATION CHECKLIST

Resume/CV Academic Credentials*2 Short Essays Short Summary of Thesis or Dissertation (World Bank candidates only)3 Professional or Academic Recommendations**

*Diploma, Degree Completion Letter, Proof of Enrollment w/ Expected Graduation Date or Transcript.*Recommendations will be requested via email during the eligibility screening stage.

Short Essays

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.

YPP BUSINESS AREAS

YPs are placed into several priority areas of the WBG business. To be eligible for the WBG YPP, candidates must demonstrate experience in at least one of the topics listed below. For more information on these business areas, please review the following websites: World BankIFC or MIGA.

World Bank

Young Professionals

IFC

Young Professionals

MIGA

Young Professionals

GLOBAL PRACTICES

  • Agriculture & Food
  • Digital Development
  • Education
  • Energy & Extractives
  • Environment, Natural Resources & Blue Economy
  • Environmental & Social Framework Support Unit
  • Finance, Competitiveness & Innovation
  • Governance
  • Health, Nutrition & Population
  • Jobs and Development
  • Macroeconomics, Trade & Investment
  • Poverty & Equity
  • Resilience & Land
  • Social Protection & Jobs
  • Social Development
  • Transport
  • Urban Disaster Risk Management
  • Water

GLOBAL THEMES

  • Climate Change
  • Fragility, Conflict & Violence
  • Gender
  • Infrastructure and Public Private Partnerships

OTHER UNITS

  • Development Economics
  • Independent Evaluation Group
  • Legal
PRODUCTS

  • Advice
  • Asset Management
  • Blended Finance
  • Equity
  • Loans
  • Structured Finance

SECTORS

  • Agribusiness & Forestry
  • Energy
  • Financial Institutions
  • Health & Education
  • Manufacturing
  • Mining
  • Telecom, Media & Technology
  • Tourism, Retail & Property
  • Transport
  • Urban Development & Municipal Infrastructure
  • Water & Wastewater

AREAS OF EXPERTISE

  • Climate Finance
  • Disruptive Technologies
  • Private Equity Funds
  • Public Private Partnerships
  • Treasury
  • Upstream Market Creation
  • Venture Capital
PRODUCTS

  • Credit Enhancement
  • Political Risk Insurance

AREAS OF EXPERTISE

  • Accounting/Finance
  • Economics
  • Environmental & Social Management
  • Export Credit
  • Legal
  • Project Finance

THEMES

  • Climate Change
  • Corporate Finance Services
  • Public-Private Partnerships
  • Risk Management
  • Sustainable Energy

 

FIELDWORK FOCUS

The WBG YPP offers Young Professionals a unique opportunity to work on the frontlines of international development. Candidates should be willing to relocate to field-based assignments, especially those supporting client countries experiencing Fragility, Conflict and Violence (FCV) and other challenging environments.

THE INTERVIEW

The World Bank Group is closely monitoring COVID-19 developments. To ensure the safety of our current and prospective staff, the 2020 YPP interviews will be conducted virtually. Additional activities may include:

  • An assessment center, where you will be asked to review and discuss documents
  • Timed computer-based financial tests

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

For More Information: Visit the Official Webpage of the World Bank Group’s Young Professionals Program (YPP) 2020