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If you are seeking for more information on how to kick-start your career with the International Finance Corporation, you have come to the right place! Working for an organization such as the IFC is a dream for many. The IFC combines good remuneration with a wide range of benefits in a meaningful work that can help millions of people improve their quality of life. In addition, working for the IFC means having a global career with a global reach, in a multicultural and pleasant environment; you will be able to construct influential networks and receive encouragement to develop professionally.
In pursuit of its mission, the OpenIGO network has prepared this comprehensive eBook to help candidates navigate through the IFC’s internships and job opportunities.
In order to start a career with the International Finance Corporation, applicants must know what are the existing recruiting initiatives, their eligibility criteria and the different stages of the selection processes, as well as have a broad understanding of the culture and values of this complex international organization.
This book was written and revised by a team of professors, human resources specialists, and intergovernmental organization staff with a great deal of diligence. It is divided into 12 chapters, which have the following aims:
Chapter 01 – The International Finance Corporation: Understanding the Organization
Presents the IFC through its administrative organization, its history, its decision-making system and strategic activities. This chapter is essential, since it is very common for candidates to have difficulties with understanding this complex organization during their various selection processes. Overcoming this difficulty is extremely important for those who wish to work at the IFC, since knowledge about the organization and its strategies is essential during any of its selection processes.
Chapter 02 – IFC Global Internship
Presents the IFC Global Internship Program’s characteristics, such as its minimum requirements, the fields of study sought, activities developed, weekly workload, salary and selection process cycle, among others.
Chapter 03 – IFC Jobs and Careers: An Overview
Presents IFC’s Jobs portal; its selection processes; the career structure and remuneration policy benefits and testimonials of former IFC employees.
Chapter 4 – The International Financial Institutions’ (IFIs) Development Models: Timeline and Chapter 5 – The Foundations of New Institutionalism and New Public Management Applied to IFIs Policies are complementary.
Throughout their history, International Financial Institutions (IFIs) have been supported by different theoretical models to advance their international development strategies and policies. Knowledge of these models (particularly the current one) is essential for IFC candidates, since they must present solutions to the questions posed during the selection process, which are in line with the organization’s way of thinking. Therefore, Chapter 4 presents a summarized history of IFIs’ international development models, from their creation until current times, while Chapter 5 explains the theoretical foundations of the current neo-institutional economic model, presenting its main premises and concepts and providing a study guide to help candidates gain a better understanding of it.
Chapter 6 – Crafting the Ideal Resume/CV
Assists candidates to craft a strong Resume or Curriculum Vitae (CV), which is essential to reinforce their chances of success in the selection process and for them to stand out from other candidates. In this chapter, subjects such as the content and structure of an effective Resume, visual aspects and common mistakes will be covered and various tips provided. A sample Resume of a candidate who was successful is also included.
Chapter 07 – Writing an Effective Cover Letter
Explains what a Cover Letter (CL) is, presenting its basic structure and assisting candidates in the process of writing an effective CL. Includes a sample Cover Letter of a successful candidate.
Chapter 08 – Effective Reference Letters
Helps candidates obtain effective reference letters, which can significantly contribute towards their success in the selection process. In this chapter, the following questions are answered: “What is a reference letter?”; “How is it different to a letter of recommendation?”; “Who should I ask for a reference letter?”; “How do I request this letter?”; and “What content should be included in a reference letter?”.
Chapter 9 – Preparing for the IFC’s Online Tests
Presents the characteristics of IFC’s online tests and offer tips and suggestions to help candidates best prepare for this phase.
Chapter 10 – The IFC Interviews
Qualifies candidates, so that they perform successfully in the interview. This chapter describes how the interview is carried out for IFC’s selection processes and what is expected from candidates; it presents the different interview methods adopted by the organization (especially the Behavioral Event Interview) and gives tips and suggestions for candidates to be better prepared for this stage of the selection process.
Chapter 11 – Getting Ready to Start Work
Written to help new staff members to prepare and plan for the job opportunity before it starts, with issues such as: travel, accommodation, transport and a basic understanding of the first day at work.
Chapter 12 – Professionalism in the Workplace
Reminds professionals of good etiquette rules in the workplace, giving advice on topics such as: how a staff member can stand out within an organization, everyday work, and how to maintain a good relationship with your bosses and work colleagues.