World Bank IFC summer internship program are paid positions. About 1500 applicants apply each year, from which 30-40 candidates are selected. Summer Interns are assigned to an industry, regional or service department within IFC. Assignments cover various areas of work, such as sector-specific business development, investment proposal review, financial modeling and analysis, advisory services strategy, and ex-post investment project evaluation. The assignment depends on the needs of the department and the particular fit for the candidate. Departments hire directly by contacting short-listed candidates.
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IFC works with the private sector in developing countries to create markets that open up opportunities for all.
IFC is a sister organization of the World Bank and the member of the World Bank Group is the largest global development institution focused exclusively on the private sector in developing countries. The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.
The organization leverages their products and services as well as products and services of other institutions across the World Bank Group to create markets that address the biggest development challenges of the time. They apply their financial resources, technical expertise, global experience, and innovative thinking to help their clients and partners overcome financial, operational, and other challenges.
IFC is also a leading mobilizer of third-party resources for projects. Their willingness to engage in difficult environments and their leadership in crowding-in private finance enable them to extend their footprint and have a development impact well beyond their direct resources.
Their projects and programs are evaluated by the Independent Evaluation Group. Accountability is ensured by the independent Office of the Compliance Advisor Ombudsman.
Location:
United StatesBenefits
- Paid Internship.
- Following a thorough evaluation process at the conclusion of the internship, successful interns are encouraged to apply for the IFC Young Professionals Program to work as an Associate Investment Officer position or any other full-time opportunity available after graduation.
Eligibilities
- Candidates must be in the first or second-to-last year of an MBA or similar graduate program.
- Specific selection criteria include:
- For investment positions, work experience (3-6 years) in international finance, which could include corporate finance, investment banking, financial consulting, private equity, credit analysis, or commercial banking
- Knowledge of sectors relevant to IFC and emerging markets experience preferred
- Strong analytical, communication and negotiation skills
- Business development and client relationship skills
- Enthusiasm for working in multicultural teams and across borders
- Fluency in English; proficiency in one or more of Arabic, Chinese, French, Russian and Spanish strongly preferred
- Commitment to sustainable private sector development
- For investment positions, work experience (3-6 years) in international finance, which could include corporate finance, investment banking, financial consulting, private equity, credit analysis, or commercial banking
Application Process
Apply online through the given link.
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Application Deadline: January 15, 2019
Application ClosedOfficial link
