World Bank Group Young Professionals Program: The annual Young Professional Program (YPP), an initial of World Bank Group is currently ongoing and open for application. The program is aimed at growing young talents who will in turn help to drive the WBG skill areas in technical/operations to include economics, engineering, finance, education, social sciences, urban planning, public health, agriculture, natural resources, etc.
Successful candidates in this program would be expected to serve in WBG’s top technical and managerial positions.
|PROGRAM SPONSORS:||World Bank Group|
|PLACE OF SCHOLARSHIP:||All Member Countries of World Bank Group|
|PROGRAM CATEGORY:||Full-Time Internship program|
|PROGRAM DURATION:||The program is structured into 24 months developmental training and 5year contract term|
|AVAILABLE SLOTS:||45 to 50 candidates absorbed yearly|
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
Additional Qualifications for the World Bank Group Young Professionals Program
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
- => 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.
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.
A one-time grant is included in the first paycheck to cover the cost of relocation.
- Staff Members who are not citizens (or in the U.S. lawful permanent residents) and have resided in the Host Duty Station area for 12 months or more immediately preceding acceptance of (a) appointment; (b) reappointment following a break in service are ineligible for Relocation and Transportation Benefits.
- Staff Members who are citizens (or in the U.S., lawful permanent residents) of the Host Duty Station country and have resided in the Host Duty Station country for 12 months or more immediately preceding acceptance of (a) appointment; (b) reappointment following a break in service; are ineligible for Relocation and Transportation Benefits.
Mobility Premium: A financial benefit is provided for a fixed period 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.
Tax Allowance: U.S. staff receive an additional quarterly payment to cover the federal, state, and local income tax liabilities on their World Bank Group 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.
Application Procedures for the World Bank Group Young Professionals Program (YPP) 2020:
Before You commence the Application, please ensure the following, that:
- You meet the minimum requirements for eligibility for the Young Professionals Program and,
- You 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.
Essay Guidelines for the 2020 Application Selection Process
The international community is racing to achieve the Sustainable Development Goals in less than 12 years, with trillions of dollars needed to deliver on the promise. Overlapping crises, from climate change to pandemics, natural disasters to forced displacement, threaten to erase hard-earned development gains, and historic economic changes, in part from technological advancement and disruption, present risks for countries, but also opportunities if they have made the necessary investments in their people, communities, and economies to take advantage of them.
The world needs partners that can help meet the challenges of today, while making the investments to prepare for the challenges of tomorrow. By offering financing, knowledge, experience, and a long-term commitment to its country clients, the World Bank is a trusted partner for all its members to help transform economies and advance the 2030 sustainable development agenda. With a mission to end extreme poverty and boost shared prosperity, the World Bank supports its client countries in three priority areas: promoting sustainable, inclusive economic growth; investing more—and more effectively—in people; and building resilience to fragility, shocks, and threats to the global economy.
The Bank applies this three-pronged approach across all sectors of development so that countries make the integrated investments that can best help people lift themselves out of poverty. (Extract from the 2018 WBG Annual Report)
Describe in fewer than 1,000 words your own contribution to the Bank’s mission (if you were to work for the World Bank Group) and the potential role of World Bank in resolving some of the above challenges. You may focus on a region or set of countries as well as your area of expertise to describe your proposal.