Since the World Bank Group, often referred to as the “World Bank,” is one of the biggest global leaders when it comes to fighting poverty and providing financial services, their finance jobs are in high demand. This comes as no surprise when one considers the level of success and experience that the company has within the field. For instance, as per the official 2018 financial statements, below are some of the World Bank Group’s numbers:
- Gross worldwide disbursement were over $17.3 billion;
- Net income for the year was almost $700 million;
- Total assets amounted to over $400 billion with a net investment portfolio of $73.4 billion;
- Usable equity was over $43.5 billion.
Given such mind-boggling performance, it is more than fair to expect that the job applicants looking to get involved with the conglomerate organization will be counted in hundreds. So, what are some current positions available for those who specialize in finance?
Related Resource: 50 Best Online Master of Finance Degree Programs
Finance Analyst
Working as an analyst is one of the most popular career choices for those who graduate with a bachelor’s in finance. Due to the extremely versatile projects and a constantly evolving sector, these professionals will be able to maintain a very exciting career. Expectedly, it is one of the positions currently available at the World Bank. Some of the duties that one is expected to perform include creating monthly budgets, monitoring the allocation of resources, creating revenue projections, and supervising team assistants.
Since it is a pretty challenging job, minimum qualifications include a master’s degree accompanied by no less than three years of industry related experience. In addition, the applicant must be well-versed in the sphere of accounting, business planning, management, and even specific types of programming.
Financial Officer
People who have a lot more than three years of experience and want to become financial leaders can apply for the officer position. Unlike the requirements for an analyst, every officer must have eight or more years of practice. They also need to possess an in-depth understanding of the Generally Accepted Accounting Principles (GAAP), IFC operations, and outstanding writing skills.
The job carries a lot of responsibility since it is a high-level role that often reports to members of the executive leadership. Although day-to-day tasks are somewhat unpredictable, the most common ones include reviewing investment profitability information, leading development efforts, implementing new features to finance systems, and supervising dozens of team members.
Investment Officer
The investment officer job fits almost right in between these two alternatives. The minimum experience for an applicant is six years while the expected college education is a graduate-level degree that preferably carries a finance-based specialization. Applicants should also have prior experience with equity, IFC products, investment and portfolio management, and loan documentation. Since all workers tend to get separated and placed in large teams, according to the World Bank Group, someone who wants to have an officer position for the investment department will need to be an excellent collaborator and a team player.
Although there are some other opportunities that loosely relate to this field, the aforementioned three are the most popular alternatives. Given the popularity of the World Bank Group, however, it is fair to say that those finance jobs will disappear relatively quickly.
