Young Professionals Program 2020 (YPP)

Deadline:  June 30, 2020 / September 21, 2020	Institution(s): The World Bank
Level of Study: Fellowship/Training	Study in: Any Country

Scholarship Description

The World Bank Young Professionals Program 2020 (YPP)

Scholarship Coverage

Young Professionals Program provide the recipient with the following 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.
• 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.
• 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. A one-time grant is included in the first paycheck to cover the cost of relocation
• 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.

Program Features

Training

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.

Professional Experience

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.

Field Work

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.

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.

Eligibility Criteria

Minimum Requirements

The following are the minimum requirements to be eligible for the Young Professionals Program.

• Required Languages: English

• Eligible Countries: Citizenship of a member country of the World Bank Group

• Be born on or after October 1, 1987
• 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
• A Ph.D. or Master’s degree and relevant work experience
• At least three years of relevant professional experience related to development or continued academic study at the doctoral level
• 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

Additional Qualifications

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
• Exhibit excellent client engagement and team leadership skills
• Possess outstanding academic credentials
• Have international development country experience

• Before You Apply, please ensure 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, Ph.D. Dissertation/Master’s Thesis topics (short summary), if applicable, and the Application Essay ready to be uploaded.
• 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.
• Applicants will be informed of their status as the process moves along.

Website

To know more about Young Professionals Program 2020 (YPP), please visit official websites:

Official Website

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