IFC stands for International Finance Corporation. The IFC is a sister organization of the World Bank and also a member of the World Bank Group, which is the largest global development institution focused exclusively on the private sector in developing countries. Read full details here to apply. Ensure you share this post with all your friends.
The Bank Group has set two goals for the world to achieve by 2030: end extreme poverty and promote shared prosperity in every country.
Details of the IFC 2019 Internship
IFC hires summer interns each year for a minimum period of four weeks between May and September to work on discrete projects in Washington, DC or in one of IFC’s country or regional offices.
IFC’s summer internships are paid positions. They receive about 1500 applications 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.
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.
Selection Criteria
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
Application and Selection Process
The application period opens December 3, 2018 and closes January 15, 2019. The short-list is created by the IFC HR Programs Team and shared IFC wide to hiring Managers by mid-to late February. Managers are then free to hire from that list. Those students hired from that list will be considered IFC Summer interns specifically for this program.
Applicants can apply using the IFC Career Compass site by simply clicking on the link below.
IFC 2019 Internship Application Link
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