The World Bank Treasury Summer Internship 2024
The World Bank Treasury is a part of the World Bank Group and is responsible for managing the financial resources of the organization. It functions as the financial advisor and provider of financial services to the World Bank and its clients, including developing countries and governments. The World Bank Treasury is one of the few places where you work at the nexus of finance, innovation & international development. The World Bank Treasury Summer Internship is the only program in the World Bank dedicated to college students.
The Treasury Summer Internship Program is a junior professional training program organized to develop the skills needed to have a thrilling and rewarding career in the financial industry. The Program seeks to bring amazing 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 anticipated to be in their second to final year in the equivalent of a four-year college degree program.
Treasury Summer Interns will work full-time for ten weeks from May 28 through August 5, 2024, in Washington, DC. Interns acquire a custom onboarding program in the first week before beginning three three-week rotations across Treasury teams. Throughout the summer, interns partake 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 and Treasurer. Interns complete each rotation with a presentation to their respective teams and complete the internship by presenting their work in a capstone project to the management team.
- 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 discovered to have misrepresented their application may be disqualified or terminated.
THE WORK & TEAMS
The program will engage up to 16 interns across Treasury’s 16 teams this summer, and each intern will have a different rotation schedule to build a different experience. Treasury has four departments and a compliance & controls team. Every team has an intern mentor and coordinator to supervise and assist 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
- Products, Knowledge & Research
- Sustainable Finance & Investor Relations
- Structured Finance & Quantitative Modeling
- Pension Investments
- Pension Middle Office
- 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 Internship is full-time and pays between $19.70 – $23.80 per hour depending on World Bank HR policies.
- 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
Application Deadline: October 15, 2023.