Deadline: October 15th 2023 | The World Bank Treasury Summer Internship Program 2024
One of the few places where you may work at the intersection of finance, innovation, and international development is the World Bank Treasury. The only programme at the World Bank specifically designed for college students is the Summer Internship.
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The Treasury Summer Internship Programme is a junior professional training course intended to equip participants with the knowledge and abilities needed for a successful and enjoyable career in the financial sector. The Programme aims to recruit outstanding college students who have shown a commitment to a career in finance to aid the World Bank’s development mission. After the intern completes their degree programme, the internship builds the groundwork for them to join one Treasury team as a Junior Analyst, a two-year role. It is typical for interns to be in their second to last year of a four-year college degree programme.
The Internship
From May 28 through August 5, 2024, full-time summer interns at the Treasury will work in Washington, DC for ten weeks. In the first week, interns get a unique onboarding programme before starting three three-week rotations across Treasury teams. Interns have weekly meetings with the programme director during the summer, and they attend a speaker series on career perspectives to hear from different Treasury officers, managers, and directors. The approximately 300-person Treasury is accessible to interns, and they can schedule appointments with the Vice President & Treasurer. Every rotation ends with a presentation to the assigned team for the intern, and the internship is concluded with a capstone project presentation to the management team.
Eligibility
- Must have a demonstrated interest in money, business, economics, or a similar topic and be enrolled in the second-to-last year of a four-year undergraduate degree programme.
- Between January and September 2025, be prepared to graduate from college.
- Must maintain a strong position academically at their institution or university.
- Must be accessible full-time for the whole internship.
- Must not hold an internship or concomitant work contract.
- Any applicant who is discovered to have lied on their application may be excluded or fired.
Work and Teams
This summer, the programme will engage up to 16 interns to work on one of Treasury’s 16 teams, and each intern will have a unique rotation schedule. The compliance & controls team is one of four departments within Treasury. An intern coordinator and mentor oversee and support the activities of each team. In one of Treasury’s departments, interns will be in charge of particular individual tasks or projects and, according on their interests and abilities, may complete some or all of the following tasks:
- Advisory for asset management clients
- Governance of Compliance and Risk
- Financial Operations & Infrastructure
- Innovation & Fintech
- monetary solutions
- Supporting Research, Knowledge, and Products
- Financial Sustainability & Investor Relations
- Finance Structured & Quantitative Modelling
- Investing in pensions
- Mid-Level Pension Office
Benefits
- For a total of 400 hours, interns are paid between $20.40 (net for non-US citizens) and $24.60 (gross for US citizens) per hour. Interns are hired on a short-term temporary contract.
- Every intern must spend the whole internship (May 28–August 5) in person and on-site in Washington, DC.
- While human resources policies are subject to change, interns are required to work at least four days a week in the office.
- At the outset of their internship, each intern will get a laptop from the World Bank. If necessary, the World Bank funds the intern’s necessary visa so they can work in the US.
- Depending on World Bank HR standards, the full-time internship pays between $19.70 and $23.80 per hour.
Internship Schedule
Week of Onboarding: May 28–May 31
June 3 to June 21 in Rotation 1
June 24 – July 12, Rotation 2
July 15–August 2 in Rotation 3
Presentation of the Capstone: August 5
Holidays observed: June 19 and July 4.
For more information visit the website of the World Bank Treasury Summer Internship program 2024.
