The Young Professionals Program (YPP) is a starting point for an exciting career at the World Bank Group.
It is a unique opportunity for younger talent 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 (WBG). The program is designed for highly qualified and motivated individuals skilled in areas relevant to WBG technical/operations such as economics, finance, education, public health, social sciences, engineering, urban planning, agriculture, natural resources and others.
To be competitive for this highly selective program, candidates need to demonstrate a commitment to development, proven academic success, professional achievement, and leadership capability.
- Every year, around 45 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.
WORTH
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 Benefits: These benefits are only applicable to staff who are not residents of the greater Washington-Baltimore metropolitan area at the time of appointment.
- Relocation Travel: The World Bank will bear the cost of one-way transportation of staff and immediate dependent family from the staff member’s residence.
- Relocation Shipment: You may choose to have the World Bank handle your shipping arrangements or you may elect the Optional Shipment Grant.
- Relocation Grant: A one-time grant is included in the first paycheck to cover the cost of relocation.
- 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 who are based in Washington, DC.
- 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.
ELIGIBILITY
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, 1986
- A Ph.D. 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 the development or continued academic study at the doctoral level
To apply and for more information visit here
