Are you looking for a career in banking sector? The World Bank Group (WBG) welcomes all qualified candidate diverse professional, academic, and cultural backgrounds. Specifically, women and persons with disabilities are strongly encouraged to apply for Young Professionals Program (YPP).
Applications to the Young Professionals Program are now open until June 30.
Whats is Young Professionals Program (YPP)
The YPP is a unique opportunity for young professionals who have both a passion for international development and the leadership potential to grow in fascinating top technical and managerial roles in the WBG. The program is designed for highly qualified and motivated candiate skilled in areas relevant to WBG technical/operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources. Candidates need to demonstrate a commitment to development, proven academic success, professional achievement & leadership capability.
Over the years, the YPP has hired over 1,800 people for positions ranging from entry-level to vice presidents and managing directors.
Every year, around 45 to 50 applicants are accepted into the program. Young Professionals are offered a five-year renewable term contract, spend 24 months in a structured development program, and enjoy a variety of benefits and opportunities.
Young Professionals Program Features:-
Young Professionals are expected to make significant contributions toward their unit’s work program while they gain a broad overview of the WBG’s policies and work. As part of their two-year program and in line with their units’ business needs and Young Professionals‘ interests, they will undertake a business driven rotational “stretch/exposure” assignment where they will gain valuable on-the-job experience.
Young Professionals in the Operations stream are likely to join colleagues on field business trips, also called ‘missions,’ in developing countries. These missions allow Young Professionals to experience firsthand the challenges of global development, understand key aspects of our work, and meet WBG’s clients.
A comprehensive development curriculum has been designed to ensure that YPs develop a WBG mindset, gain the foundational learning needed to understand and contribute to the WBG, and build the competencies required for an entry-level position: collaboration, leadership, integrative thinking, and innovation skills, while strengthening a culture of continuous learning.
The curriculum includes a blend of learning activities in a WBG cohort, small groups or individually. These activities range from onboarding activities, e-learning, cohort discussions with WBG leaders and leadership training, to career development conversations and networking opportunities.
Coaching and Mentoring
YP Buddy: Before they join, Young Professionals are assigned a YP buddy from the previous year’s group, based on their professional interests and cultural background. YP buddies help new recruits to better settle in the new organization and location, as well as to understand the expectations and challenges of the program.
Technical Buddy: In their hiring units, an experienced colleague is assigned as a “go-to person” to answer technical questions in their fields.
WBG Mentor: Once they have settled into their jobs, Young Professionals can be paired with a technical senior colleague who can mentor them on topics such as career options, “stretch/exposure” assignment opportunities, and help them gain insight into the organizational culture.
Youth Program Team: The Youth Program Team is dedicated to recruiting and helping integrate Young Professionals into the WBG. The team coordinates activities designed to support YPs, including mentoring and guidance, helps develop career strategies, and others. The Youth Program Team is a one-stop shop for Young Professionals looking for support and guidance.
The following are the minimum requirements to be eligible for the Young Professionals Program.
· Citizenship of a member country of the World Bank Group.
· Be born on or after October 1, 1987.
· 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.
· At least three 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
Compensation and 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.
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.
· June: Application period
- Review of applications to ensure that candidates meet the eligibility criteria.
- Update of status to all candidates (candidates moving to the second round and those who are not moving forward)
· August – September: Technical review of second round candidates, which takes a closer look into the application packages and determines which candidates will be selected for interviews
· September-October: Status update to candidates (those invited to interviews and those who are not moving forward). Interviews are scheduled at WBG headquarters in Washington, D.C., USA and our offices in Paris, France and Dakar, Senegal
· October – December YPP interviews
· January: Decisions and offers are communicated
· September: New YP cohort starts
We assess candidates based on three main competencies:
– Commitment to Clients
– Results Orientation
– Integrity and Ethics
– Technical Expertise
– Strategic Perspective
– Problem Analysis
– Listening and Communication
Furthermore, we ensure that candidates are able to work in multiple sectors.
Format of the Interview Day
The interview is a full-day event. Those invited to interviews will be asked to come to the WBG from 8 am-5:30 pm.
The interview consists of:
(1) Interview: a 1-hour interview with a panel of three senior technical experts in the field of expertise of the candidate; and
(2) Assessment Center: either a morning or an afternoon 4-hour group assessment center (AC). The group assessment center is done with five other candidates. It consists of a series of individual and group exercises related to an international development case study that is given to the candidates at the start of the AC
The application for the 2020 Selection Process for the Young Professionals Program at the World Bank is open from June 1 – June 30, 2019
Before You Apply, please ensure that:
· Candidate meet the minimum requirements for eligibility for the Young Professionals Program and,
· He/She have all the information at hand including key dates, an updated Curriculum Vitae (CV), Education Certificates/Transcripts, PhD Dissertation/Master’s Thesis topics (short summary), if applicable, and the Application Essay ready to be uploaded.
Please attach the following documents (mandatory):
CV, Education certificates/transcripts, PhD dissertation/Master’s thesis topic (short summary), if applicable, Application essay
Files should not exceed 5 MB each and should be in the following formats: .doc, .docx, or .pdf
Once you submit your application, you will not be able to make any changes/updates.
Upon successful submission of your application, you will receive an email confirmation along with a YPP ID number.