World Bank Group Analyst Program 2017 for exceptionally talented young people (Fully Funded) @worldbank

The World Bank Group Analyst Program is a new and unique opportunity for exceptionally talented young people with a passion for international development to contribute to solving some of the world’s most pressing problems.

Through this structured three-year program, you will work in an intellectually challenging and culturally diverse environment within a specific practice, region, or corporate unit in the World Bank Group, which includes the World Bank, the International Finance Corporation (IFC), and the Multilateral Investment Guarantee Agency (MIGA) and International Center for Settlement of Investment Disputes. You will have the opportunity to contribute and grow your skills in areas ranging from analytics, research, data management, project management and finance. In addition, the program offers various cohort activities aimed to broaden your exposure to the work of the World Bank Group and develop leadership skills.

Upon completion of the program, there may be opportunities for you to continue your career in the World Bank Group. Participants holding a Master’s degree who find the opportunity to continue their career at the WBG may also be eligible for advancement opportunities. Alternatively, you may leverage the experience you have gained to pursue further studies or other opportunities in international development.

To be competitive for this highly selective program, you need to demonstrate a commitment to development, analytical thinking, proven academic success, and leadership potential. We value diversity in our workplace, and encourage all qualified individuals, with diverse professional, academic, and cultural backgrounds to apply. Positions may be based in Washington, DC or in a local office.

2017 Selection Eligibility Criteria

• Citizenship of a member country of the World Bank Group
• Passion to contribute to the World Bank Group mission to end extreme poverty and boost shared prosperity
• 28 years of age or younger (i.e., born on or after January 1st, 1989)
• Master’s or Bachelor’s degree in relevant field. Candidates who are currently pursuing a degree are eligible if the degree will be awarded by December 31, 2017
• One to three years of relevant work experience in the recruitment stream is considered.
• Analytical thinking, proven academic success, strong written and oral communication skills, and leadership potential
• Experience working or studying in developing countries is preferred
• Fluency in English is required. Fluency or proficiency in other languages, in particular Arabic, Chinese, French, Portuguese, Spanish or Russian, is preferred.

In addition, successful candidates must demonstrate the World Bank Group Core Competencies (Read more about the Selection Cycle):

• Deliver results for clients
• Lead and innovate
• Collaborate within teams and across boundaries
• Create, apply and share knowledge
• Make smart decisions

Program Features
The WBG Analyst Program (WBG AP) offers a mix of challenging work program and a comprehensive development curriculum during the three-year of the program/contract.

Work Program
WBG Analysts are selected from recruitment streams that vary every year and range from Operations to Finance. The work program is therefore quite varied, too, and can take place in the World Bank, the International Finance Corporation, the Multilateral Investment Guarantee Agency, or the International Center for Settlement of Investment Disputes. Typically, it involves research and analytical work, preparation of visually compelling presentations of data, drafting reports and overviews, coordinating specific programs. Because the WBG Analyst’s work program is very much business-driven, opportunities may come up for cross-support, stretch assignment or even full rotation to another area of the business during the course of their three-year term contract.

At the end of the three-year contract/program, WBG Analyst have several choices:

1. Apply competitively to an analyst position;
2. Apply to an officer’s position (for those meeting the eligibility criteria including holding a master’s degree);
3. Pursue academic studies or other job opportunities outside of the WBG.

Development Curriculum
A three-year comprehensive development curriculum has been designed to ensure that WBG APs develop a WBG mindset, quickly gain the foundational learning needed to understand and contribute to the WBG, and build the competencies required at an analyst’s level — 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, ranging from on-boarding activities, e-learning, cohort discussions with WBG leaders, leadership training, performance management support, career development workshops, and networking opportunities.

A technical Buddy is assigned in the hiring units in the WBG Analysts’ first week, as a “go-to person” to answer technical/process questions in their fields.

In their second year, a WBG Mentor, a technical senior colleague, are is offered to discuss career options, “stretch/exposure” assignment opportunities and gain insight into the organization’s culture.

Throughout the program, WBG Analysts meet in small groups to exchange, in a safe, intimate, and virtual format, some of the challenges they are facing. They receive mutual coaching from their peers, sometimes accompanied by an executive coach or an HR professional.

Finally, the Analysts Program team is dedicated to recruiting and helping integrate WBG Analysts into the WBG. It coordinates activities designed to support the cohort, including mentoring and guidance, helping formulate career strategies, and others.

Compensation & Benefits
Contract: a three-year local term contract is being offered.

Salary:
WBG Analysts are offered a locally-competitive salary, based on their education and professional experience.

Health, Life, Accident and Other Insurance Programs:
WBG Analyst 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 also 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 on Appointment:
For WBG Analysts relocating to a new country, a cash allowance at the discretion of their hiring unit may be granted.

Tax Allowance:
U.S. staff receive an additional quarterly payment to cover the U.S., 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 financial assistance programs, including a two-year interest-free settling-in loan to those who relocate upon appointment.

Selection Cycle
Check out the information about the interviews at the World Bank Group

WBG Analysts are chosen through an intensive and rigorous selection process. Competition is keen. We received thousands of applications last year for a limited number of positions.

2017 Selection Timeline
April 5-21, 2017: Application Process. After submitting your application, you should see a short thank you screen before you receive an automatic email confirming your application that contains your Applicants’ ID. Keep this number for your records.

By May 3, 2017:Review of applications against eligibility criteria and current business needs.
Status update to all candidates.

May 8-12, 2017: Online deductive reasoning assessments for candidates meeting the eligibility criteria (one week to complete, no extension possible. We recommend that you save the date already).

By May 24, 2017: Update to candidates on assessment results (passed or not passed, thus further considered or not).

From May 31, 2017 through March 1, 2018:

• The applications of candidates who passed the assessments are made available, at their requests, to hiring teams.
• Depending on hiring teams’ business needs, candidates may be contacted for interviews/further testing or not.
• Candidates who, following interviews/further testing, are not selected by a particular business unit can be considered by another business unit in the same recruitment stream.
• Decisions and offers communicated.

Starting date on the job.
Mid-March 2018: New WBG AP cohort starts development curriculum.

Visit World Bank’s official webpage for comprehensive program details