Deadline for Application: October 15, 2023.
The Treasury Summer Internship Program is a junior professional training program designed to develop the skills necessary to have an exciting and rewarding career in the financial industry. The Program aims to bring exceptional college students with a demonstrated interest in a financial career to support the World Bank’s development mandate. The internship lays the foundation to become a Junior Analyst, a two-year position on one Treasury team, immediately after the intern graduates from their degree program. Interns are expected to be in their second to final year in the equivalent of a four-year college degree program.
Are you the equivalent of a rising senior in college working towards a career on the trading floor of a major bank, investment or private equity firm or one of the departments supporting that function? Get a strong boost down that path with a Treasury Summer Internship. With us, you will not just work in financial markets: you will help create new ones.
The Treasury Summer Internship Program is a junior professional training program designed to develop the skills necessary to have an exciting and rewarding career in the financial industry. The Program aims to bring exceptional college students with a demonstrated interest in a financial career to support the World Bank’s development mandate. The internship lays the foundation to become a Junior Analyst, a two-year position on one Treasury team, immediately after the intern graduates from their degree program. Interns are expected to be in their second to final year in the equivalent of a four-year college degree program.
The Internship
Treasury Summer Interns will work full-time for ten weeks from May 28 through August 5, 2024, in Washington, DC. Interns receive a custom onboarding program in the first week before beginning three three-week rotations across Treasury teams. Throughout the summer, interns participate in weekly discussions with the program director and attend a career perspectives speaker series to hear from various Treasury officers, managers, and directors. Interns have access to the nearly 300-employee Treasury, including meetings with the Vice President & Treasurer. Interns complete each rotation with a presentation to their respective team and complete the internship by presenting their work in a capstone project to the management team.
Internship Calendar
Onboarding Week: May 28 – 31
Rotation 1: June 3 – June 21
Rotation 2: June 24 – July 12
Rotation 3: July 15 – August 2
Capstone Presentation: August 5
Observed Holidays: June 19, July 4
Interns join on a short-term temporary contract and are paid between $20.40 (net – for non-US Citizens) and $24.60 (gross – for US Citizens) per hour for a total of 400 hours. All interns are expected to be in person, full-time, in Washington, DC, for the entire internship (May 28 – August 5). HR policies may change, but interns are expected to work at least four days in the office per week. Each intern will receive a World Bank laptop at the start of the internship. If required, the World Bank sponsors the appropriate visa for an incoming intern to work in the United States.
The Work & Teams
The program will hire up to 16 interns across Treasury’s 16 teams this summer, and each intern will have a different rotation schedule to create a different experience. Treasury has four departments and a compliance & controls team. It is highly encouraged for applicants to read more about our organization and each team. Each team has an intern mentor and coordinator to supervise and support their work. Interns will be responsible for specific individual tasks or projects in one of Treasury’s departments and, depending on interest and skills, will perform some or all of the following:
- Asset Management
- Client Advisory
- Compliance & Risk Management
- Financial Infrastructure & Banking Operations
- Fintech & Innovation
- Financial Solutions
- Funding
- Products, Knowledge & Research
- Sustainable Finance & Investor Relations
- Structured Finance & Quantitative Modeling
- Pension Investments
- Pension Middle Office
The Application
Only complete applications will be accepted. Please read the following before submitting your application. Although not required, we encourage applicants to use the suggested cover letter template and resume template and submit as a PDF.
Eligibility
We ask that all applicants meet the following core eligibility requirements to be consistent with the program’s goals. Applicants must have these core requirements to be considered.
- Must be enrolled in the second-to-last year of the equivalent of a four-year college degree program with a demonstrated interest in finance, business, economics, or a related field;
- Must be prepared to graduate with a college degree between January and September 2025;
- Must be in good academic standing at their college or university;
- Must be available full-time through the duration of the internship;
- Must not have a concurrent employment contract or internship.
Any candidate who is found to have misrepresented their application may be disqualified or terminated.
Requirements
We ask all applicants to submit a:
One-page PDF cover letter
One-page PDF resume
Optional
Half-page PDF diversity statement
The World Bank Treasury is proud of its strong community of colleagues from incredibly diverse backgrounds. Although entirely optional, applicants are encouraged to submit a maximum half-page to describe their background and how they believe this would contribute to our workplace.
Commitment to Diversity, Equity & Inclusion
We believe poverty has no borders, and neither does excellence. With employees based in Chennai, Paris, Sofia, Singapore, Tokyo, and Washington, the World Bank Treasury represents over 60 nationalities, and our leadership team hails from all regions of the world. We are proud to be an equal-opportunity and inclusive employer. We do not discriminate based on gender, race, ethnicity, religion, disability, sexual orientation, or gender identity. Treasury also has a dedicated Diversity, Equity & Inclusion Team that advises on hiring protocols, career growth, and outreach. Learn more about Treasury’s greatest strength: its diverse and dedicated staff.
Evaluation Process
All complete applications submitted on time through the application portal will be reviewed by a committee. Successful applicants will be asked to complete a remote test. A select few will be invited to interivew with the committee. All applicants will be notified of the result by December.
VISIT THE OFFICIAL WEBSITE OF World Bank Treasury Summer Internship Program TO READ MORE
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