Scholarships

IsDB Young Professional Program 2023

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The Islamic Development Bank (IDB) is offering the IsDB Young Professional Program 2023, a prestigious scholarship designed for individuals seeking to pursue a PhD degree in the field of Banking. This program provides a fantastic opportunity for talented and ambitious candidates to excel in their academic and professional journey. In this blog post, we will explore the key details of this program, its eligibility criteria, and the exciting benefits it offers.

Eligibility Criteria:

To be eligible for the IsDB Young Professional Program, applicants must meet the following requirements:

  1. Educational Background: Candidates must possess a minimum of a Master’s degree or its equivalent from a highly reputable university in any discipline relevant to the Bank. If pursuing a Master’s degree, the degree must be awarded before the start of the YPP Program.
  2. Nationality: The scholarship is open to all nationals, but applicants should be citizens of a member country of the IsDB. Additionally, up to 25% of selected candidates from each cohort can be from Muslim communities in non-Member Countries.
  3. Language Proficiency: Strong oral and written communication skills in English are necessary. Proficiency in one of the Bank’s other operating languages (Arabic or French) is considered advantageous.
  4. Age Limit: Candidates should not exceed 32 years of age upon joining IsDB, and they should have obtained their Master’s degree within the last four years from the program’s start.
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Additional Qualifications:

While meeting the above criteria is essential, certain additional qualifications are viewed favorably. These include:

  1. Outstanding Academic Performance: Applicants who have achieved a Pass with Distinction, Merit, or Honors (or equivalent) in their Master’s program are highly regarded.
  2. Previous IsDB Scholarship: Having been a recipient of the IsDB Scholarship can further enhance a candidate’s application.
  3. Bilingual/Trilingual Skills: Proficiency in Arabic and/or French can be an advantage.
  4. Encouragement for Female Candidates: Female candidates are highly encouraged to apply and be a part of the program.
  5. Pursuing a Professional Certification or PhD: Candidates pursuing or possessing a Professional Certification or a PhD from a reputable institution in a relevant field are considered positively.
  6. Relevant Work Experience: Prior professional working experience in any of IsDB’s core sectors will be considered favorably during the selection process.
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Benefits:

Successful candidates in the IsDB Young Professional Program 2023 can look forward to a wide range of benefits, which include:

  1. Internationally Competitive Tax-Free Salary: The program offers an attractive and competitive tax-free salary.
  2. Group Personal Accident Insurance: Participants will receive coverage under a group personal accident insurance policy.
  3. Education Allowance: The program includes an education allowance to support further academic pursuits.
  4. Annual Flight Tickets: Participants will receive annual flight tickets, facilitating travel for personal and professional purposes.
  5. Medical Coverage: Both the staff and their dependents, including parents, will be provided with comprehensive medical coverage.

Conclusion:

The IsDB Young Professional Program 2023 is an exceptional opportunity for aspiring PhD candidates in the field of Banking. This scholarship, offered by the Islamic Development Bank, opens doors to a promising career and provides a platform for growth and success. If you meet the eligibility criteria and possess the desired qualifications, don’t miss the chance to apply and be a part of this enriching experience. Embark on your journey towards academic excellence and impactful contributions to the field of banking with the IsDB Young Professional Program!

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