The program is intended for extremely qualified and motivated people who are competent in fields appropriate to WBG technical / operations such as economics, finance, education, government health, social sciences, engineering, urban planning, agriculture, natural resources, to name a few.
The Young Professionals Program has hired more than 1,700 individuals from almost 120 nations since its founding in 1963, ranging from fresh recruits to senior leadership within the World Bank Group. The program has been created and is still in place to attract excellent, extremely skilled, diverse, experienced and motivated young people who have shown dedication to international development, backed by academic success, professional accomplishment and leadership potential.
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.
Scholarship Summary
- Level of Study: Fellowship/Training
- Institution(s): The World Bank
- Study in: Countries of operations
- Deadline: Applications are open June 15 – July 15 for all profiles and from August 16 – September 20 for IFC and MIGA profiles only.
