APPLY: 2023 International Monetary Fund (IMF) Economist Program For International Researchers
The International Monetary Fund (IMF) Economist Program is designed for aspiring young economists seeking to make a global impact. It welcomes individuals who can contribute cutting-edge economic thinking and interdisciplinary perspectives to address critical global economic issues. These challenges encompass various aspects such as enhancing global monetary collaboration, ensuring financial stability, stimulating international trade, advancing employment and sustainable economic development, as well as diminishing poverty.
The IMF plays a crucial role in promoting worldwide financial stability and monetary cooperation.
Scholarship Summary for 2023 International Monetary Fund (IMF) Economist Program For International Researchers
- Host: IMF Headquarters, USA
- Eligible Countries: All Countries
- Reward: 3 years – Job Placement | Attractive Salary
- No IELTS Required
- Deadline: December 7, 2023
Details for 2023 International Monetary Fund (IMF) Economist Program For International Researchers
The International Monetary Fund, abbreviated as the IMF, plays a vital role in advancing global financial stability and fostering cooperation in monetary matters. Furthermore, it actively supports international trade, employment promotion, sustainable economic growth, and the global fight against poverty. The IMF operates under the guidance and accountability to its 189 member nations.
Its inception can be traced back to the historic United Nations Bretton Woods Conference held in July 1944 in New Hampshire, United States. During this conference, attended by representatives from 44 countries, the objective was to establish a framework for international economic cooperation and prevent the recurrence of competitive currency devaluations.
In order to qualify and be considered, you must be:
- 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.
Duration and Reward
The Economist Program (EP) offers you a comprehensive immersion into the IMF’s activities and lays the foundation for a thought-provoking and rewarding career as an economist. Over the course of three years, you will embark on a journey that involves rotating through two distinct departmental assignments. During these assignments, you will become part of economic teams engaged in regional and country-specific surveillance, as well as addressing matters related to fiscal, monetary, balance of payments, debt, and related economic issues. Importantly, this is not a training position, and you will assume real work and genuine responsibilities as an IMF economist right from the beginning. These responsibilities may encompass policy development, operational work at the country or regional level, research endeavors, and contributions to capacity development and teaching. As the program concludes, it is the IMF’s aspiration that you will share the same enthusiasm for their mission as they do and make the choice to continue and establish a long-term career as an IMF economist.
- If your application successfully advances to the shortlist, you will receive an invitation for a preliminary interview lasting approximately 30-40 minutes. During this interview, you will be expected to provide a high-level overview of your research paper and respond to inquiries about economic topics relevant to the IMF’s work, as well as demonstrate your interpersonal and communication skills. The dates for on-site visits to the IMF will be communicated at a later point.
- Subsequent to the preliminary interview, you may be requested to submit your most recent university transcript from your PhD program, furnish three academic references (with the caveat that these references cannot be from current IMF staff members), and present a research paper (preferably of publishable quality) or one to two chapters from your dissertation.
- Candidates who progress successfully this year will receive an invitation for an in-person panel interview. This interview panel typically comprises two or three senior IMF economists and a Human Resources officer. The panel interview will follow a format akin to the preliminary interview, focusing on your proficiency in areas such as monetary policy, fiscal matters, balance of payments, and financial sector issues, as well as your behavioral competencies. This stage aims to delve deeper into your analytical capabilities, judgment, oral communication skills, interpersonal abilities, comprehension of macroeconomics and related fields, and your aptitude to articulate complex concepts in a coherent and structured manner. Additionally, alongside the panel interview, you will be tasked with a 40-minute online psychometric assessment and a 90-minute written examination. The psychometric assessment is designed to identify your preferred behavioral skills and approaches, while the written exam will evaluate your writing skills.
- Following the conclusion of panel interviews (typically by late January), all candidates who have progressed to this stage will be referred to an internal committee comprising senior staff for a comprehensive review. This committee will have a holistic evaluation approach, weighing all seven assessments (highlighted above), with the panel interview and research paper review bearing the highest significance in the selection process.
- The application process commences annually in late September, with notifications posted on the IMF Career Site.
- Shortlisted candidates will undergo interviews between October and January, and offers will be extended in early February. The selection process comprises multiple stages, which may run concurrently.