How do I get a job with the World Bank?

For the World Bank placement: Holding a Master’s (MSc) qualification with a minimum of three years of: a) relevant professional experience related to development, or; b) continued academic study at doctorate level; Holding a doctorate (even if you do not have any professional experience).

Does the World Bank pay well?

The average estimated annual salary, including base and bonus, at The World Bank is $123,816, or $59 per hour, while the estimated median salary is $124,927, or $60 per hour. At The World Bank, the highest paid job is a Director of Sales at $224,865 annually and the lowest is a CS Rep at $45,126 annually.

Is getting a job at the World Bank hard?

Landing a job with the World Bank Group is a highly competitive feat. Out of approximately 150,000 job applications they receive each year, only around 1.3 percent, or 2,000 people, are hired.

What degree do you need to work at World Bank?

The minimum eligibility criteria for the World Bank Young Professionals Program is a Master’s degree plus three years of relevant professional experience in one of the critical operations areas for the World Bank (or a Ph. D. with a relevant research study).

Is the World Bank a good place to work?

Diverse work environment, great colleagues and challenging work. The World Bank is a first class institution where you will learn a lot, work with people from around the world. The benefits are stellar, but be ready to work a lot.

Do World Bank employees pay taxes?

Although Bank Staff owe Social Security and Medicare taxes at the higher self-employed rate of 13.3%, the staff member actually pays the same rate as other taxpayers. The Bank pays 6.2% in Social Security and 1.45% Medicare taxes as part of the tax allowance, and this payment is included within the tax allowance.

How long does the World Bank recruitment process take?

This typically takes from three to five months. Following receipt of applications for a job, IFC short-lists candidates.

Do World Bank employees get Social Security?

What do World Bank employees do?

Bank staff work with governments, civil society groups, the private sector and others in developing countries around the world, assisting people in all areas of development, from policy and strategic advice to the identification, preparation, appraisal and supervision of development projects.

What is the retirement age at the World Bank?

62
It is matched by the employer, and can be pensionable at the age of 62. You can also choose to take a lumpsum withdrawal if you leave before completing 10 years of employment.