Young Professionals Program by World Bank Group, Washington [Leadership Development; 2 Years]: Apply by July 31

The World Bank Group invites applications for the Young Professionals Program 2023. The last date to apply for this opportunity is July 31.

About WBP YPP

The WBG YPP is a starting point for an exciting career at the World Bank Group. Young Professionals are recruited from around the world with various academic and professional backgrounds relevant to the World Bank, IFC, and MIGA. They are looking for applicants who demonstrate a passion for international development, graduate education, relevant professional experience, and the potential to grow into impactful leadership roles across our institutions.

Program Update

• The World Bank and IFC have merged their respective Young Professionals Programs into one World Bank Group Young Professionals Program (WBG YPP).
• The program now recruits on behalf of three institutions (the World Bank, IFC, and MIGA).
• Building on the rich legacy of its predecessor programs, the WBG YPP aims to develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges.
• Young Professionals are recruited from around the world, with a preference for nationals of WBG member countries and countries of operations.
• WBG YPP welcomes all qualified individuals from diverse professional, academic, and cultural backgrounds to apply.

Program Details

The WBG YPP is a two-year leadership development program at the start of a five-year employment contract with the World Bank, IFC, or MIGA. Young Professionals (YPs) start the program in Washington, DC, where they engage in intensive training—on the job and in the classroom—learning the fundamentals of leadership and development operations across institutions, and how to identify opportunities for joint impact.

Key Features

• Professional Experience YPs are full-time employees, making significant contributions to their respective unit’s work program, while building networks and knowledge across the Bank Group through the YPP. They often join field missions, where they work on the frontlines of WBG operations, learning key aspects of our work and directly engaging with our clients.
• Leadership Development Through the WBG YPP curriculum, YPs develop the foundational knowledge to contribute to our business and the competencies to lead. Activities range from leadership and professional development workshops to networking, mentorship, and conversations with WBG leadership.
• Training on WBG Policies, Products & Operations YPs engages in intensive training on the policies, products, and operations of the World Bank, IFC, and MIGA. This aspect of the WBG YPP curriculum ensures that YPs know how to operationalize joint WBG solutions to development challenges, and how to retain and apply this knowledge for years to come.
• Global Rotations across WBG YPs participate in at least one rotation within their home institution, with some engaging in additional rotations to another institution, with the goal of developing and applying skills across the business. Rotations are a core component of the curriculum, providing YPs with the exposure to understand how our institutions work (and can work together) as well as how to align their skills to priority areas, like countries affected by fragility, conflict, and violence (FCV), and other challenging environments.
• Coaching & Mentoring YPs are assigned several mentors at the peer and departmental levels. Mentors can provide advice on various topics ranging from settling into Washington, DC to identifying career opportunities throughout the YP experience, and beyond.
• Networking Events In addition to the program orientation and graduation ceremonies, the WBG YPP office organizes regular events for YPs to stay in touch with program alumni, stakeholders, and broader WBG staff.
• Management-Supported Rotations & Job Placements YPs are provided management-level support in their transitions to rotations and post-YPP job placements, ensuring their skills are best placed across the business.

Compensations

• The WBG YPP offers a competitive salary and benefits package as part of a 5-year term contract.
• Benefits include health, life, and accident insurance, a pension plan, and possible relocation and mobility benefits depending on WBG guidelines.

How to Apply?

Interested candidates can directly apply through this link

Important Dates

• July 3 – July 31: Applications Open for all World Bank, IFC, and MIGA profiles
• August 15 – September 30: Applications Re-Open for IFC profiles only
• July–August: Applicants screened for minimum eligibility requirements
• September – October: Technical review of eligible applicants, to determine shortlisted candidates
• November – January: Assessments and interviews scheduled
• February: Offers extended and decisions announced to all candidates
• September: New WBG YPP cohort joins the World Bank Group

FAQs

What is the purpose of the Young Professionals Program (WBG YPP)?

On June 1, 2020, the World Bank and IFC merged their respective Young Professionals Programs, and included MIGA, to create a single program (The WBG YPP). Building on the rich legacy of its predecessor programs, the WBG YPP aims to develop future leaders to collaborate effectively across our institutions on joint WBG solutions to development challenges

Who can apply?

To be eligible, candidates must be born on or after October 1, 1991, and meet the minimum eligibility requirements of one of our hiring institutions. Please review the eligibility requirements on our website, for more information.

What type of applicants are you looking for?

WBG YPP is looking for applicants who display a passion for international development, strong academic credentials, relevant professional experience, and leadership potential. The ideal candidate should be able to balance technical depth and breadth with the ability to “see the bigger picture.” In addition, successful candidates demonstrate a WBG mindset—a commitment to working across our institutions on joint solutions to development challenges. While candidates are assessed based on these and other competencies, final hiring decisions are based on the business needs of the World Bank Group, which could vary from year to year.
Please note that we do not hire Young Professionals for our back-office functions such as Accounting, Information Technology, Communications and Human Resources.

What type of benefits are offered to YPs?

YPs receive a competitive salary and benefits package as part of the five-year term contract. Benefits include health, life, and accident insurance, a pension plan, and possible relocation and mobility benefits depending on WBG guidelines. Candidates will be provided with further detail during the offer stage.

What does the WBG YPP curriculum consist of?

The WBG YPP is a 2-year leadership development curriculum at the start of a 5-year employment contract.
WBG YPs start the program as one cohort in Washington, D.C., where they engage in intensive training on the fundamentals of leadership and operations at the World Bank, IFC, and MIGA, and learn how to identify opportunities to collaborate for joint impact.
During the two-year curriculum, YPs also engage in mandatory rotations, where their skills can be developed and applied across the business.
YPs partake in other career development opportunities such as mentoring, coaching, and exposure to WBG’s senior leaders.
The curriculum ensures that YPs know how to operationalize joint WBG solutions to development challenges, how to inspire others to do the same, and how to retain and apply this knowledge for years to come.

What happens after YPs complete their two-year curriculum?

After graduating from the leadership development program, WBG YPs will be expected to complete the remaining 3 years of their contract in a fitting final job post at the World Bank, IFC, or MIGA. Final posts may be within their initial hiring unit or another. Posts in the field, especially those supporting FCV countries and other challenging environments, will be strongly encouraged.

To view more FAQs click here.

Click here to view the official notifications of the Young Professionals Program by the World Bank Group

Click here to view YPP Brochure!

Read:- https://fpeducation.fortunepost.info/

Image Source