Study Abroad: The World Bank Robert S. McNamara Fellowships 2025

The World Bank The Robert S. McNamara Fellowships for the year 2025 are currently accepting applications from international students. The scholarship enables participation in the Fellowship level program(s) focused on Banking and Finance, which are taught at The World Bank. The scholarship’s deadline is February 25, 2025.

The World Bank Robert S. McNamara Fellowship:

The Robert S. McNamara Fellowships Program (RSMFP) by the World Bank pairs aspiring development economics researchers from developing countries with World Bank research economists. This program offers the fellows a chance to engage in rigorous policy-relevant research within the World Bank’s Development Economics Vice Presidency (DEC), providing them with unique opportunities. The fellows will be accommodated at the World Bank headquarters in Washington, D.C. for a duration of 8 months, from September to May each year. During this time, they will work closely with researchers from the World Bank’s Development Impact (DIME) and Development Research Group departments, participating in research projects that are of excellent quality and have direct relevance to policy-making.

Fellows will gain knowledge of contemporary research standards, develop additional abilities in econometrics, and establish connections with prominent academics in their respective fields by collaborating with World Bank DEC researchers and external academic partners from prestigious universities. Participants will have an exclusive chance to engage in demanding research that is relevant to policy-making. This will enable them to broaden their understanding of possible development issues and how their research may effectively tackle concerns in developing countries.

Notable Program Features

Work history:

Participants will be assigned to World Bank projects and will receive direct guidance from World Bank DEC experts. They will also receive training on advanced research methods and technologies and will have the opportunity to collaborate with World Bank operations. Fellows have the opportunity to contribute to DEC’s published work, collaborate with DEC researchers as co-authors, participate in field trips, and directly interact with World Bank clients, depending on the nature of the initiatives.

Enhancing organizational or individual abilities and skills:

Participants will undergo a one-week technical onboarding at the beginning of the program, which will include instruction on reproducible research procedures. Throughout the program, participants will engage in practical training and seminars led by renowned economists, aimed at enhancing their skills. Fellows will improve their capacity to identify, analyze, and articulate significant development policy inquiries through their collaboration with DEC economists.

Dissemination of research findings:

DEC will provide invitations to fellows to author a blog post centered around their study conducted during their fellowship. This presents a chance for them to exhibit their study and their impact on conversations regarding development policy. Annually, the four most outstanding blogs will be featured on DEC’s Let’s Talk Development blog.

The degree level required for The World Bank Robert S. McNamara Fellowship is:

• The World Bank Robert S. McNamara Fellowships 2025 are open for those who wish to pursue fellowship-level programs at The World Bank.
• Subject areas now offered by The World Bank The Robert S. McNamara Fellowship is a prestigious program.
• The scholarship program offers the following subjects for study.

Banking and Finance

• Applicants can specify their preference in the application for being hosted by either the Development Research Department or the Impact Evaluation Department under the World Bank’s Development Economics Vice Presidency (DEC).

Advantages of The World Bank Robert S. McNamara Fellowship:

The Robert S. McNamara Fellowship Program (RSMFP) offers a highly competitive funding package worth $46,500 after deducting income taxes for the cohort of 2023-2024. Each fellow in the eight-month program is provided a stipend, which is distributed in monthly installments.

Visa Support:

• Since the fellows will be located at the World Bank in Washington, D.C., the World Bank’s HR Operations unit will assist the chosen candidates in their G4 visa application process.

Costs associated with traveling:

• Kindly be aware that the fellowship does not include provisions for travel expenses.

Requirements for eligibility:

To be eligible for the RSMFP, applicants must meet the following criteria:

• Individuals from member countries of the World Bank WBG, with a preference for individuals from poor nations;
• Possesses advanced proficiency in the English language;
• Individuals who have completed a master’s degree or are now enrolled in a PhD program in Economics or a closely related discipline;
• Applicants must be under 35 years old as of June 30, 2024.
• Willing to move to Washington, D.C. for the whole period of the fellowship.

The application procedure for The World Bank Robert S. McNamara Fellowship is as follows:

The application for the Robert S. McNamara Fellowship Program (RSMFP) is conducted online. All application documents must be submitted online by the deadline to be considered. Below is a comprehensive list of the items you will require:

Documents that are necessary or compulsory:

• Resume: Please upload your existing resume that provides a detailed overview of your educational and professional history.
• Research Interests Statement: This document should elaborate on your areas of research interest and pinpoint particular research initiatives within the Development Economics department (DEC) of the World Bank that are in line with your objectives.
• Letter of Recommendation Contact Information: Please provide the contact details of an individual who may furnish a letter of recommendation to endorse your application. (Please note that the letter will only be sought from candidates who have been selected as finalists.)

Supplementary application materials that are not required but can be sent if desired:

• Writing Sample: You have the option to include a writing sample to demonstrate your proficiency in written communication. (Not required)
• If your research interests are appropriate, you have the option to contribute a code sample to showcase your programming skills. (Not required)
• Please note that applications and accompanying documentation sent via email, postal mail, or any other method outside the online application site will not be considered for evaluation.
• To obtain additional information regarding the Robert S. McNamara Fellowships Program, kindly go to the provided official website.

CLICK HERE TO VISIT THE OFFICIAL WEBSITE

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