World Bank Group Young Professionals Program 2021- 2022
Applications for the World Bank Group Young Professionals Program is currently open for all profiles and closes on July 15, but reopens from August 16 to September 20 for IFC and MIGA profiles only. Therefore, if you dream of working for the World Bank Group, this is the right opportunity for you.
Moreover, the World Bank Group and the IFC (International Finance Corporation) in June 2020 merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program better known as the World Bank Group YPP or WBG YPP.
Now, the new WBG YPP is currently accepting applications on behalf of three institutions, which include the World Bank, IFC, and MIGA. However, it is important that you meet all the World Bank Group Young Professionals Program requirements. Therefore this article will help you get properly prepared, it contains detailed information that will guide you on the application and selection process, minimum requirements, assignment features, program features, and otherwise.
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About The World Bank Group Young Professionals Program
The term Young Professionals refers to young people in their 20s and 30s who are recent graduates of professional schools and/or are employed in a professional career. The WBG Young Professionals Program is a two-year leadership development program at the start of the five-year employment contract with the World Bank, IFC, or MIGA.
However, the World Bank and IFC for over 50 years have recruited more than 1,800 people from almost 120 countries across the globe through the Young Professionals Program. The recruits now range from new staff to senior management of the World Bank Group.
Moreover, the respective programs were formed with the aim of attracting diverse young professionals across the globe who display a commitment to international development, academic success, professional achievement and leadership potential.
However, the World Bank and IFC(International Finance Corporation) on 1st June, 2020 decided to merge their respective Young Professionals Programs and included MIGA(Multilateral Investment Guarantee Agency) to form a single program, the WBG Young Professionals Program. Therefore just like its parent programs, the World Bank Group YPP aims to develop future leaders to collaborate effectively across the institutions on the joint WBG solutions to development problems.
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WBG Young Professionals Program Features
Moreover, here are key features of the World Bank Group Young Professionals Program:
Through the YPP the Young Professionals learn the key aspects of the World Bank Group’s work and also directly engage with their clients. Moreover, the Young professionals are full-time employees of the WBG. Therefore, they make significant contributions to their unit’s work program.
Through activities like leadership and professional development workshops, mentorship etc. The Young Professionals develop the knowledge to contribute to the WBG’s work and the capability to lead.
Through the YPP curriculum, the Young Professionals take part in an intensive training to ensure that they develop the foundational learning needed to understand and contribute to the WBG.
Due to the nature of the WBG’s work, the Young Professionals are expected to make constant field trips which is also known as missions. The mission exposes the Young Professionals to know how the institutions operate, and also how to work together and how to position their skills to important areas like countries affected by conflict and violence and other environments with challenges.
Coaching and Mentoring:
The Young Professionals are assigned several mentors who provide advice on various topics throughout the program.
WBG Young Professionals Program Benefits
The World Bank Group YPP provides the recipients with the following benefits:
- The Young Professionals earn an annual average net salary which can vary from US$82,000 to US$150,800 based on their academic qualifications and professional experience.
- Health, life, accident and other insurance plans
- Relocation benefits for new Young Professionals and their dependents from the city in which they reside to Washington, D.C.
- Financial assistance
- Tax allowance
Eligibility Requirements For World Bank Group Young Professionals Program
Moreover, the applicant must meet up with the following criteria in order to be eligible for World Bank Group Young Professional Program:
- Candidates must be born on or after October 1, 1989
- Applicants can apply from any country, but the WBG gives preference to citizens from its member countries.
- Candidates must hold a Doctorate (PhD) or Master’s (MSc) qualification or equivalent with relevant work experience
- Must be fluent in English language
- The candidate must have a minimum of three years relevant professional experience in fields related to development
- Specialize in a field relevant to WBG YPP business areas
- Must demonstrate commitment and passion for international development
However, follow the guidelines outlined below to apply for the World Bank Group Young Professionals Program:
- Firstly, before applying for the WBG Young Professionals Program make sure that you meet all eligibility requirements and have reviewed the application checklist for required documents.
- You will be have to complete the application in one-minute session. Therefore, it is not possible to save and continue later and you can only submit complete applications.
- You must fill an online application form and send the following documents:
- Curriculum Vitae
- Academic transcripts
- Application essay
- 3 professional and academic recommendations
You can apply for the WBG Young Professionals Program via the official website of the World Bank Group
World Bank Group Young Professionals Program Selection Procedure
The WBG Young Professionals Program selection procedure comprises of 4 stages:
1. Application Stage:
This stage is to confirm whether the candidate is eligible for the program. It involves completing the online application with the required documents sent to the system.
2. Technical Review Stage:
This stage follows after the candidate have received a message from the selection team that means that the candidate is approved for the second, which is to determine shortlisted candidates
3. Interview and Assessment:
At this stage the shortlists interviews and assessment are scheduled. It is face to face and involves an assessment center and an individual interview.
4. Final Stage:
This is the final stage of the selection process. Offers are extended and decisions announced to the shortlisted candidates. Then the new WBG YPP unit joins the World Bank Group.
Above all, ensure to read the eligibility requirements carefully before applying. Also, you can read the YPP FAQs using this link. Candidates can only submit one application, otherwise their applications will not be reviewed.
Moreover, the Young Professionals will complete the remaining 3 years of their contract in a fitting job post at the world Bank, IFC or MIGA after graduating from the leadership development program.
In conclusion, please visit the official website of the WBG program provider using the link below for further information on the eligibility requirements and application instructions on the WBG Young Professionals Program. As information may change or get an update at any moment without notice.