Advice: How to get a job at the World Bank?
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Anonymous
How do you compare with Executives in terms of status? |
Anonymous
Buy a lotto ticket Pray Repeat |
Anonymous
Good benefits (health care, retirement, 5 weeks vacation) tax-free salary if you are a non-US citizen. Decent environment and for many people, especially foreigners one of the few chances to work in the US |
Anonymous
She probably knows, don't pierce her bubble... |
Anonymous
Why can't you have a career of your own? You are permitted to work in the US, you know English, so what stops you? |
Anonymous
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Well I did work before DH moved to Geneva. Once we got there it became clear we'd be on the move every couple of years and I gave up on the career. Also DC is not a good place to be for my line of work.
As far as I can see, Economics PhDs have three options - academia or international organizations/central banks or consulting/wall Street. The last option is out bc 22 year olds with a BA can get in. For those uninterested in academia like my husband, |
Anonymous
| The world Bank is a top tier option. |
Anonymous
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A few friends from grad school work there. We have PhDs from a top ten school. One friend who is a bank employee had a Nobel Laureate as his adviser, and another has rare language skills. Another established himself as an expert in international finance by publishing extensively in that field.
Yes, if you graduate from Princeton or MIT, it's considered slightly less prestigious than academia, but for people who don't want to go into academia, ( and there are some of those in every top department) it's considered a top job. When I meet someone who is not an economist who has a WB job, they generally are experts in technical fields (engineering) or finance. It'tougher to get a job as an American, and there isn't as much job security as there used to be. When I worked there in the 80's as a wide eyed research assistant, it was reeaallly bloated, and there were more perks. |
Anonymous
They are very cushy do-nothing positions. The World Bank had its own constitution which insulates it from U.S. laws. I'd never work there. It has done more harm than good. Middle class people in rich countries making loans to rich people in poor countries. |
Anonymous
The pay is outrageous and so are the benefits. You have global impact, you can do academic work in a non-academic environment...but I would guess the great pay. I professional with 5 years makes 100k, which is not normal for USAID, etc. |
Anonymous
| You don't have to have a PhD, I have an MA. the better your university the easier it is. but ultimately its best to get in through consulting, to have areputation and be sought out, to network like hell...there is a lot of luck to it. Operational jobs do not require PhDs...they have PMs for projects, etc. |
Anonymous
| right now is not a great time to try. the reorg has done a number on the institution |
Anonymous
I have been trying to get into the World Bank for years without success. From this side of the fence (and talking to people I know there) - the pay is great - the benefits and paid leave are over the moon - opportunities for travel - you get to work on some of the most important international projects on earth Like any organization, there are complaints and not everyone is raking in the big bucks but it still seems like a pretty sweet gig |
Anonymous
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Young Professional's Program if you're under the age of 32. http://web.worldbank.org/WBSITE/EXTERNAL/EXTJOBSNEW/0,,contentMDK:23149336~menuPK:8453554~pagePK:8453902~piPK:8453359~theSitePK:8453353,00.html
But now's really not the best time to join the World Bank. Senior management is trying to reduce the number of staff so positions aren't that common (although as people noted you could still get an STC contract. (ETC contracts no longer exist). |
Anonymous
| How does it compare to a job at the Inter-American Development Bank (IDB)? Hard to get? Good pay/benefits? |