The world bank Free Scholarships 2024-2025 offers many, many free scholarships every year with the aim of helping many young people of all nationalities around the world to study abroad. Study abroad
The World Bank Young Professionals Program 2025 is a one-of-a-kind chance for young professionals who are interested in international development and have leadership skills to move up in the World Bank Group and take on exciting top technical and managerial roles. Salary, health insurance, mobility premiums, tax breaks, and a pension plan are all included in this program.
The program is designed for extremely skilled and motivated individuals with expertise in sectors such as economics, finance, education, government health, social sciences, engineering, urban planning, agriculture, and natural resources, to name a few.
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 preference to nationals of WBG member countries and countries of operations. We welcome all qualified individuals from diverse professional, academic, and cultural backgrounds to apply.
Since its start in 1963, the Young Professionals Program has hired over 1,700 people from nearly 120 countries. These people have ranged from new employees to senior leaders in the World Bank Group.
The Young Professionals program was made to find young people who are talented, diverse, experienced, and motivated, and who have shown a commitment to international development through their academic success, professional success, and potential to be leaders.
Details
- Country: Different countries
- Organization: the world bank
- Degree: Fellowship/ Tarining
- Who can apply? Students of all nationalities
- Application Deadline: 15.07.2024
Available programs
There are many different programs and specializations that you can study through this scholarship, as this scholarship includes many different study programs from the official source
- Training
- Professional Experience
- Field Work
- Coaching and Mentoring
Benefits provided by the scholarship
This scholarship offers many different benefits, which you can learn about below:
- Salary: 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.
- 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 World Bank Group also provides basic life and accident insurance to all staff at no cost, and staff can elect optional life and accident insurance plans. The World Bank Group 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 World Bank Group sponsors a comprehensive pension plan for eligible staff. Upon separation from the World Bank Group, 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.
Documents required to apply for the Scholarship
You must prepare the following documents to use in applying for this grant. The required documents are:
Please follow the following instructions to apply for Young Professionals Program:
Step1: The following documents are required:
- Resume/CV.
- Academic Credentials.
- 2 Short Essays.
- Short Summary of Thesis or Dissertation (World Bank candidates, only if applicable).
- 3 Professional or Academic Recommendations.
Step2: Please ensure the following before applying:
- You meet the minimum requirements for eligibility for the Young Professionals Program.
- You have all the information at hand including key dates, an updated Curriculum Vitae (CV), Education Certificates/Transcripts, PhD Dissertation / Master’s Thesis topics (short summary), if applicable, and the Application Essay ready to be uploaded.
Step3: Short Essay Question
- Essay questions will be published on this page, a week before applications open. Please check back in June.
Step4: THE INTERVIEW
- Young Professionals Program interviews will be conducted in a hybrid format (virtual and in-person) and may include:
- Pre-recorded interview (on Hi revue)
- Live panel interview
- An assessment center, where you will be asked to participate in individual and group exercises
- Timed computer-based financial tests (IFC candidates)
- Applicants who are invited to interview will be provided with more detail as the process moves along.
Step5: Once you submit your application, you will not be able to make any changes or updates.
Step6: Upon successful submission of your application, you will receive an email confirmation along with a Young Professionals Program ID number.
Step7: Applicants will be informed of their status as the process moves along.