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Create, Don't Just Participate

Why be a part of a market when you can help create a new one?
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An Experience Like No Other

Summer interns sit at the nexus of finance, development and impact.

Ready to make an impact?

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 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, who possess 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. 

 

The Internship 

Treasury Summer Interns will work full-time for ten weeks from May 31 through August 16, 2022, 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 the internship by presenting their work in a capstone project to the entire management team.

Onboarding Week: May 31 – June 3

Rotation 1: June 6 – June 24

Rotation 2: June 27 – July 20

Rotation 3: July 21 – August 10

Break: August 11-12 & 15

Capstone Presentation: August 16

 

The Work

Up to 14 individuals will work across Treasury’s 14 teams this summer, and each intern will have a different rotation schedule to create 14 unique experiences. Treasury has three departments and a compliance & controls team. It’s highly encouraged for applicants to read more about our organization and its teams. 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 the following:

Asset Management
Create daily market reports, shadow portfolio managers to understand asset management best practices, and work on Bloomberg terminal with asset managers.

Client Advisory
Support the engagement managers practices through RAMP, Reserve Advisory & Management Partnership, which has over $25 billion of assets under management. Support the branding and marketing of products to central banks, international financial institutions, pension funds and sovereign wealth funds.

Compliance & Risk Management
Work on one of the fastest growing sectors of the financial industry through understanding operational risk, business continuity, trade compliance and conflicts of interest risk.

Financial Infrastructure & Banking Operations
Shadow full-time employees as they liaise with hundreds of banks/custodians and communicate complex ideas and solutions with potential and existing clients.

Fintech & Innovation
Work on the cutting edge of finance through research, presentations, and event management on leading issues in digital and cryptocurrencies.

Financial Solutions
Provide background research on catastrophe bonds and currency and commodity hedging products for sovereign clients, including joining calls with Ministries of Finance and supporting presentations to clients.

Funding
Participate in investor calls, observe trades across Asian, European, and American markets, and learn about the issuance programs and supporting legal documentation.

Products, Knowledge & Research
Organize, clean, and visualize data for internal and external reports, support subject matter experts on issues of reserve management, ESG, and more.

Sustainable Finance & Investor Relations
Draft investor presentation materials, memos, and responses to serve existing clients and investors and to generate new business.

Structured Finance & Quantitative Modeling
Apply statistical analysis, mathematics, and computational finance to support our trading and structured finance, market-making operations, and asset management teams.

 

The World Bank

The World Bank Group is one of the largest sources of funding and knowledge for developing countries; a unique global partnership of five institutions dedicated to ending extreme poverty, increasing shared prosperity, and promoting sustainable development. With 189 member countries and more than 120 offices worldwide, we work with public and private sector partners, investing in groundbreaking projects and using data, research, and technology to develop solutions to the most urgent global challenges. 

 

The Treasury

Capital markets are key to transforming society. Since its inaugural bond nearly 75 years ago, the World Bank has pioneered many ‘firsts’. Our goal is not only to raise funds at the most reasonable cost for our client countries, but also to develop innovative solutions for the world's most difficult development challenges. Our history shows that when used innovatively and effectively, capital markets are a powerful force for good. We manage the institution's finances to enable all World Bank operations and lending. Each year, we issue over $50 billion in bonds, prudently manage over $180 billion in assets, and process over $7 trillion in transactions.

 

The Departments


Perspectives

Hear from former interns and current junior analysts on their experience at the World Bank Treasury.


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 goals of the program. Applicants without these core requirements will not be considered.

  1. Must be enrolled in the second-to-last year of the equivalent of a four-year college degree program in finance, business, economics or related field;
  2. Must be prepared to graduate with the equivalent of a four-year college degree in 2023;
  3. Must be in good academic standing at their college or university;
  4. Must be available full-time through the duration of the internship.
     

The Basics

We ask all applicants to submit a:

One-page PDF cover letter

One-page PDF resume

Half-page PDF diversity statement (optional).

 

Commitment to Diversity, Equity & Inclusion

We believe poverty has no borders, and neither does excellence. With employees based in Chennai, Sofia, Singapore, Tokyo and Washington, the World Bank Treasury represents over 50 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. Although entirely optional, applicants are encouraged to submit a maximum half-page to us to understand the contribution your personal background would make to our workplace.

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 February 2022.

 


Frequently Asked Questions

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    1. In addtion to the core eligibility requirements, successful applicants typically have some or all of the following:
      • Demonstrated paid work experience, previous internship or leadership in financial organization or club is strongly encouraged;
      • Excellent communication and presentation skills, both verbal and written;
      • Strong interpersonal skills and ability to collaborate and develop productive relationships to achieve the team’s objectives;
      • Proactive, resourceful, and flexible to work on a range of assignments and adapt to rapidly changing business requirements and priorities;
      • Experienced with programming languages, such as Python, or specialized software for managing and visualizing economic and financial data;
      • Strong research, analytical, and quantitative skills for data management;
      • Demonstrated ability to research, extract, and process financial and economic data from various source systems and repositories, especially Bloomberg, World Bank Group or International Monetary Fund databases, and online sources;
      • Highest ethical standards;
      • Fluency in more than one language.











    Apply

    We use Indeed.com to manage applications. You can submit your application here. Applications will only be accepted through January 2, 2022.