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IMF Careers: What are the Fund's required competencies?

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IMF Careers: What are the Fund's required competencies?

May 12, 2021

Estimated reading time: 5 minutes

IMF competencies

A career at the IMF is more than just a job. It means bringing your skills and knowledge to a team that has the goal of taking care of its member countries` macroeconomic stability. More importantly, the IMF values inquisitive people who are seeking the challenge of impacting other people`s quality of life.

The IMF teams include colleagues with a wide range of origins, qualifications, and experience, who can challenge established ways of thinking, and help produce innovative ideas for the future, in order to tackle the practical challenges of the real world.

In addition to academic qualifications and professional experience, candidates should have some IMF competencies that may be evaluated during the selection process.

What are the different IMF Careers competencies? In this article, we will explore the competencies required in detail.

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The IMF offers different opportunities to professionals looking to kick-start their careers with the organization, through which they select highly qualified and motivated people to work in its various areas of activity. There are internship programs, consultant vacancies, young professional programs, administrative jobs, among others.

In pursuit of its mission, the OpenIGO network has prepared a comprehensive eBook and special services to help candidates navigate through the IMF job opportunities. In this article, we are going to present each one of these services. You will understand why each of them is worth every cent, you will have access to our clients’ reviews and satisfaction rate. Our team has already helped dozens of candidates to land a job at expressive international organizations such as the IMF.

If you want to know more about it, access:

IMF Jobs and Careers: Products & Services

Would you like to know the Fund’s requirement for its internship program? Then check out our magazine on the topic right now!

IMF Careers Competencies

A widespread understanding of “competence” which has guided the recruitment of people at intergovernmental organizations, such as the IMF, established competence as a set of four elements, known by the acronym KSAV: Knowledge, Skills, Attitudes and Values.

  • Knowledge: Know-how. This refers to the set of theoretical and technical skills which an individual can consciously access in order to carry out certain activities. This knowledge may be learned through courses, specialization, training, and capacity-building, etc.
  • Skills: Knowing how to do something. This is the practical and productive application of knowledge. It results from practice, making mistakes, training and application, etc.
  • Attitudes: Wanting to do. Attitude means being able to employ knowledge and skills (called technical competencies) in order to achieve established goals. These are behavioral competencies that drive an individual to want to perform, overcome challenges, and innovate.
  • Values: These are the fundamental principles that orientate how an individual behaves. These principles influence a person’s decision-making and professional results.  For this reason, an organization seeks people who have values consistent with their own.

Want to know more? Check out our comprehensive eBook that will help you land a career at the IMF! It will introduce you to this complex organization and its approach towards international development; it will teach you how to prepare each of the documents required in detail, and it will also get you ready for the interview.

Upon acquiring the eBook you will also receive 30 days of support to clarify any queries.

Get it here:

IMF Jobs and Careers (eBook)

To summarize, competence is understood as the knowledge, skills, attitudes and values which condition behaviors that have an influence on the efficient completion of tasks required for a specific position.

The majority of studies indicate that competencies can be developed. The idea of learning and/or developing competencies grew after concepts of competence, such as KSAV, were established, since these elements can be developed.

Therefore, learning competencies can be understood as the process through which an individual changes their behavior in specific situations by acquiring new knowledge.

Among the various forms of competency development are the following: reading; listening and observation; courses and training; practical experiences, and mentoring and coaching programs.

For educational purposes, in the table below you will find the most common competencies and skills required for IMF professionals, in order to prepare for the different selection processes in advance:

Competencies/Skills
Analytical skills
Strong interpersonal skills
Communication and writing skills
Ability to hold technical discussions
Ability to write high-standard reports within tight deadlines
Ability to work as part of a team
Promote effective and cooperative relations with national authorities
Versatility
Innovation
Good work attitude
Handle sensitive issues with discretion in a multicultural environment

 

The IMF offers different opportunities to professionals looking to kick-start their careers with the organization, through which they select highly qualified and motivated people to work in its various areas of activity. There are internship programs, consultant vacancies, young professional programs, administrative jobs, among others.

In pursuit of its mission, the OpenIGO network has prepared a comprehensive eBook and special services to help candidates navigate through the IMF job opportunities. In this article, we are going to present each one of these services. You will understand why each of them is worth every cent, you will have access to our clients’ reviews and satisfaction rate. Our team has already helped dozens of candidates to land a job at expressive international organizations such as the IMF.

If you want to know more about it, access:

IMF Jobs and Careers: Products & Services

Also, check out our overview of IMF Job Opportunities:

IMF Jobs: Overview


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