World bank gf grade salary washington dc. If you&rsqu...

World bank gf grade salary washington dc. If you’re looking at a World Bank job description, you’re likely staring at a code like “GF” or “GG” and a number that looks suspiciously low for Washington, D. The salary of the IFC Managing Director is determined based on the U. 12. Jun 12, 2025 · Young professionals enter at grade GF with an annual average net salary of US$ 105,275, though this can vary from US$82,000 to US$150,800 depending on experience, qualifications, and skills. Professional & Technical Jobs (GE-GH) usually require a Masters or PhD. Benefits & Compensation NEW STAFF BENEFITS: MD / Currency: UNITED STATES DOLLARS (USD) 52,160 44,670 30,490 21,380 14,800 11,670 8,670 7,170 5,720 74,520 63,810 43,560 30,550 21,150 16,670 12,380 10,240 8,170 The salary of the President of the World Bank Group is determined by the Board of Directors. HQ SALARY SCALES DETAILS Document Name HQ SALARY SCALES Document Date 3/18/2021 06:45:32 PM Web Publish Date 3/18/2021 06:54:00 PM Authors Narayana Swamy,Ravi Shankar Document Type Correspondence Language English Country World MD / Currency: UNITED STATES DOLLARS (USD) 52,160 44,670 30,490 21,380 14,800 11,670 8,670 7,170 5,720 74,520 63,810 43,560 30,550 21,150 16,670 12,380 10,240 8,170 Under this approach, the 2019 (FY20) market-based salary scales were reviewed, and where applicable, scales were adjusted grade by grade, based on the local labor market compensation data which had been updated by applying the 2021 local market projected movements. Compensation structure – Salaries at the World Bank Group are generally seen as competitive, especially when compared to local markets. Based on Monitoring & Evaluation Specialist Job #: req35668 Organization: World Bank Sector: Climate Change Grade: GF Term Duration: 3 years 0 months Recruitment Type: International Recruitment Location: Washington, DC,United States Required Language(s): English Preferred Language(s): French, Spanish Closing Date: 3/3/2026 (MM/DD/YYYY) at 11:59pm UTC DescriptionAt COP27 UNITED STATES - HQ: Salary Scale 1 Official Use Only Staff Grade Levels The World Bank has 10 grade levels, which are organized into three groups: Administrative Jobs (GA–GD) generally require a Bachelor’s degree. Annex B provides the FY18 HQ/Washington Salary Structure. In cases of extreme change in local market conditions or following a period of high inflation, special measures may be considered in country offices. Based on the staff member’s annual performance appraisal, the staff member will receive a corresponding salary increase. Salaries for staff recruited in Washington, D. Staff Grade Levels The World Bank has 10 grade levels, which are organized into three groups: Administrative Jobs (GA–GD) generally require a Bachelor’s degree. The compensation policy of the World Bank Group rests on two foundation principles: Providing competitive market-based salaries Rewarding individual performance In order to maintain the ability to recruit and retain qualified staff, the Bank Group reviews the salary structure annually and, when necessary, adjusts the salary structure based upon measurement of local market movement. WB salary structure and positioned in the salary range for the GK grade. 2020 REVIEW OF STAFF COMPENSATION FOR THE WORLD BANK GROUP AND AWARDS ALLOCATIONS February 21, 2020 fBlank Page 2 THE WORLD BANK GROUP fGLOSSARY The World Bank Group (WBG) consists of the International Bank for Reconstruction and Development (IBRD or the Bank), International Finance Corporation (IFC), Multilateral Investment Guarantee Bank Group or WBG Agency (MIGA), International Development The Country Offices compensation review is based on the WBG CO compensation methodology approved by the Board in 2019 and the 2023 adjustments to the methodology1, as follows: (i) removal of the projected inflation cap on the annual Structure Adjustment; (ii) minimum Total Salary Increase envelope at the rate of 50% of year-on-year (y-o-y) end . Competitive compensation is essential to attract and retain a highly qualified, diverse staff. market. Nov 18, 2025 · The World Bank grade system isn't merely administrative classification—it's a comprehensive framework defining career trajectories, compensation expectations, and professional development Jul 1, 2025 · UNITED STATES - HQ: Salary Scale 1 Official Use Only Dec 24, 2025 · This is the unwritten manual on how the World Bank salary system actually works. are based on the U. Ensuring competitive compensation and benefits, IFC applies the World Bank Group’s compensation framework. Managerial Jobs (GH–GJ) require experience managing teams, work programs, and budgets. Salary ranges for grades GJ and GK are adjusted by the May 2016 to May 2017 Consumer Price Index (CPI) movement for the Washington-Baltimore area, in line with established Board approved methodology. However, the compensation varies significantly depending on contract types, with full-time staff often receiving better remuneration packages than short-term consultants. S. 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