International Monetary Fund (IMF) Economist Program for young economists who want to have influence on the global stage and who can bring the latest in economic thought and multidisciplinary approaches to help them address key global economic challenges.
Such as fostering global monetary cooperation, securing financial stability, boosting international trade, promoting employment and sustainable economic growth, and reducing poverty.
The International Monetary Fund, or IMF, promotes international financial stability and monetary cooperation.
It also facilitates international trade, promotes employment and sustainable economic growth, and helps to reduce global poverty. The IMF is governed by and accountable to its 189 member countries. The IMF was conceived in July 1944 at the United Nations Bretton Woods Conference in New Hampshire, United States.
The 44 countries in attendance sought to build a framework for international economic cooperation and avoid repeating the competitive currency devaluations
Type: Fellowships
Application Deadline: December 7, 2023
Value & Duration of Award: 3 years – Job Placement, Attractive Salary
The EP offers you a well-rounded experience of the IMF’s work and provides a unique foundation for a thought-provoking and fulfilling career as an economist.
During the three-year program, you will rotate through two departmental assignments, joining economic teams working in regional and country-specific surveillance as well as in fiscal, monetary, balance of payments, debt, or related issues. This is not a trainee position and from the start you will be given real work and real responsibilities as an IMF economist. This could include policy development, country or regional operational work, research, and capacity development and teaching.
By the end of the program, the IMF hopes you will be as excited by their work as they are and will choose to remain and build a long-term career as an IMF economist
Eligible Countries: IMF member countries;
Eligibility: To be considered for the Program, you must:
- A recent PhD graduate or be within one year of completing your PhD in a relevant field of study;
- A national of one of the IMF member countries;
- Under age 34 when you join the IMF EP program.
How To Apply: Interested candidates should click on “Apply For This Scholarship” below
- The application process opens annually in late September, with a notice on the IMF Career Site.
- Shortlisted candidates will be interviewed between October and January, with offers made in early February. The selection process consists of multiple stages, which may run in parallel to one another
Required Documents:
- If your application is shortlisted, you will be invited to a 30-40-minute preliminary interview during which you will be asked for a high-level overview of your research paper and to respond to questions on economic topics related to the work of the IMF and on your interpersonal and communication skills. Dates for IMF campus visits will be added here.
- Following the preliminary interview, you may be asked to forward your most recent university transcript from your PhD program, provide three academic references (references cannot be from current IMF staff members) and submit a research paper (ideally of publishable standard) or one or two chapters of your dissertation.
- Successful candidates this year will be invited for an in-person panel interview comprised of two or three senior IMF economists and a Human Resources officer. The interview will follow a similar format to the preliminary interview, focusing on your knowledge of monetary, fiscal, balance of payments, and financial sector issues and your behavioral skills, to provide a deeper assessment of your analytical abilities, judgment, oral communication and interpersonal skills, knowledge of macroeconomics and related fields, and ability to convey complex issues in a logical and structured way. In addition to the panel interview, you will also be asked to take a 40-minute online psychometric assessment and a 90-minute written exam. The psychometric assessment is designed to identify preferred behavioral skills and approaches, while the written exam will assess your writing skills.
- Once the panel interviews have been completed (normally by late January), all candidates who reached the panel interview stage will be referred to an internal committee of senior staff for review and this committee will make the final selection. The committee will review all seven assessments (bolded above) with the highest weighting given to the panel interview and the research paper review.
Source: https://www.imf.org/en
