About Young Professionals Program:
The Young Professionals Program (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 World Bank Group. The program is designed for highly qualified and motivated individuals skilled in areas relevant to economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources to name a few.
The World Bank (WBG) is a vital source of financial and technical assistance to developing countries around the world. WBG is not a bank in the ordinary sense but a unique partnership to reduce poverty and support development. The World Bank Group comprises five institutions managed by their member countries.
Successful applicants will receive the following:
- 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 (only applicable to staff who are not residents of the greater Washington-Baltimore metropolitan area at the time of appointment).
- 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.
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.
Deadline: 30 June 2019