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• Thread: 1665 Goods vs 1191 No Goods

1. Economist
   c3dc
   

   True, true.

   Non of that applies to YPs who are US permanent residents though. They only get a one-off relocation grant. They don’t get the annual mobility premium and their tax allowance is only partial…

   It’s going to vary on a lot of factors- dependents, marriage, state, year, etc. If you are a US citizen, you’ll be responsible for half your social security and Medicaid taxes, even with the tax allowance they provide. A very quick calculation would be to divide your net offer by something like .73. That should give a very rough estimate on your gross with the tax allowance they provide.

   Can someone do the math on what is the approximate equivalent of a pre-tax salary in the DC in the private sector for that $125,000 / year. Those offers are “net” and the WBG has a way of compensating for some (but usually not 100%) of taxes that are paid on wages.
   Thanks!
   

   In addition, the YP should note that this salary does not include other amounts such as relocation, mobility premiums etc, all of which increase your total package. And yes, the only time you should worry about taxes is if you are a US citizen and even then, there are hardly any YPs who are US citizens.

   12 months ago # QUOTE 0 Volod 0 Vlad !

2. Economist
   0f8a
   

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   12 months ago # QUOTE 0 Volod 0 Vlad !

3. Economist
   ddab
   

   Has anyone completed the background check? Did you receive multiple requests for additional documents?

   12 months ago # QUOTE 0 Volod 0 Vlad !

4. Economist
   99c4
   

   I just filled my personal profile, but I think someone here mentioned there was a lot of follow up.

   Has anyone started a group for us to connect?

   Has anyone completed the background check? Did you receive multiple requests for additional documents?

   12 months ago # QUOTE 0 Volod 0 Vlad !

5. Economist
   3dba
   

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   World Bank salary grades are public information. A YP is GF so look at the GF pay range online.

   In addition to that, you get:
   Relocation travel
   Shipping,or optional removal grant with sum dependent on whether you are single or are married;
   Relocation Grant, which also depends on whether you are single or married;
   Temporary Living Allowance;
   5 year mobility premium.

   12 months ago # QUOTE 0 Volod 0 Vlad !

6. Economist
   0f8a
   

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
   In addition to that, you get:
   Relocation travel
   Shipping,or optional removal grant with sum dependent on whether you are single or are married;
   Relocation Grant, which also depends on whether you are single or married;
   Temporary Living Allowance;
   5 year mobility premium.

   Thanks but how much are these benefits each?

   12 months ago # QUOTE 0 Volod 0 Vlad !

7. Economist
   c232
   

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
   In addition to that, you get:
   Relocation travel
   Shipping,or optional removal grant with sum dependent on whether you are single or are married;
   Relocation Grant, which also depends on whether you are single or married;
   Temporary Living Allowance;
   5 year mobility premium.

   Thanks but how much are these benefits each?

   About ¥20 million

   12 months ago # QUOTE 0 Volod 0 Vlad !

8. Economist
   0f8a
   

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
   In addition to that, you get:
   Relocation travel
   Shipping,or optional removal grant with sum dependent on whether you are single or are married;
   Relocation Grant, which also depends on whether you are single or married;
   Temporary Living Allowance;
   5 year mobility premium.

   Thanks but how much are these benefits each?

   About ¥20 million

   Really $150,000 how is that broken down?

   12 months ago # QUOTE 0 Volod 0 Vlad !

9. Economist
   0ba3
   

   That’s all available online. We were discussing additional details here such as the actual point on the GF salary range that they offer, the situation of US residents, and private sector salary equivalents when accounting for WB tax allowances.

   Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

   World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
   In addition to that, you get:
   Relocation travel
   Shipping,or optional removal grant with sum dependent on whether you are single or are married;
   Relocation Grant, which also depends on whether you are single or married;
   Temporary Living Allowance;
   5 year mobility premium.

   12 months ago # QUOTE 0 Volod 0 Vlad !

10. Economist
    0f8a
    

    Like the YPP team has said many times. YPP salary varies and is based on experience. The longer the years of experience the higher your salary. All at GF level. The range is 110K to 150k USD for previous years.

    12 months ago # QUOTE 0 Volod 0 Vlad !

11. Economist
    4c25
    

    the question is: with a salary around 130k, how is life in DC for 2 adults? Taking into consideration rent, utiliites, transport and all the rest.

    12 months ago # QUOTE 0 Volod 0 Vlad !

12. Economist
    0f8a
    

    the question is: with a salary around 130k, how is life in DC for 2 adults? Taking into consideration rent, utiliites, transport and all the rest.

    130k net (after taxes). You will be very fine in a two person household with that amount.

    12 months ago # QUOTE 0 Volod 0 Vlad !

13. Economist
    d2c2
    

    World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
    In addition to that, you get:
    Relocation travel
    Shipping,or optional removal grant with sum dependent on whether you are single or are married;
    Relocation Grant, which also depends on whether you are single or married;
    Temporary Living Allowance;
    5 year mobility premium.

    Thanks but how much are these benefits each?

    I don't know if people are reading the responses. It clearly states that the figures depend on different factors. So there is no single fixed salary for EVERY YP!

    And for benefits, it is expressly indicated that these depend on status too.

    Either way, you will find out what the actual sums are when you get your contract.

    12 months ago # QUOTE 0 Volod 1 Vlad !

14. Economist
    d2c2
    

    That’s all available online. We were discussing additional details here such as the actual point on the GF salary range that they offer, the situation of US residents, and private sector salary equivalents when accounting for WB tax allowances.

    Can a kind soul share details of their contract so we know what the YPP offers. You can use ranges.

    World Bank salary grades are public information. A YP is GF so look at the GF pay range online.
    In addition to that, you get:
    Relocation travel
    Shipping,or optional removal grant with sum dependent on whether you are single or are married;
    Relocation Grant, which also depends on whether you are single or married;
    Temporary Living Allowance;
    5 year mobility premium.
    

    As I already stated, there is NO ONE UNIVERSAL SALARY offered to a YP. Every YP gets a salary that is decided by the office depending on many factors. So I cannot tell you what the actual salary is. For the range, it will be between the low mark (93k) and the median range (133k).

    For US citizens, not so much a concern as there is always one or even no US YP so its not that big of an issue for anyone to dig into. Notwithstanding that, US citizens get a tax allowance and that is determined by the tax office and communicated to the individual privately.

    If you are looking for private sector equivalents, again no one can give you this information for the simple reason that YPs come from different fields and each field in private practice has its own salary ranges. YPs include doctors, lawyers, economists, social development, education etc. Each of these sectors have a different salary structure hence why a general look at private sector is misguided. You have to look at private sector for your specific job description.

    Once you have an offer with figures, you can make that comparison with your specific sector.

    12 months ago # QUOTE 0 Volod 0 Vlad !

15. Economist
    d2c2
    

    the question is: with a salary around 130k, how is life in DC for 2 adults? Taking into consideration rent, utiliites, transport and all the rest.

    There is a Mobility office at the Bank that can answer all these questions! Once you have an offer, you are given access to them to answer questions you may have about family etc. But 130k is certain enough to live on in DC! You will be getting at a minimum 10k a month. Rent is about USD 1800-2500 for two. Metro tickets (the bank gives you about 40 a month for these tickets). You have insurance for medical costs.

    You can decide if you cant live on USD 7000 a month.

    Secondly there is no way your total take home is 130k! Have you factored in that benefits alone at the start come to almost 40k? And thereafter, you will have an extra atleast 10k per quarter as mobility?

    12 months ago # QUOTE 0 Volod 0 Vlad !

16. Economist
    99c4
    

    For those that got the LoA, did they outline the mobility and relocation grants in the offer or does that come later?

    12 months ago # QUOTE 0 Volod 0 Vlad !

17. Economist
    3b49
    

    Has anyone completed the background check? Did you receive multiple requests for additional documents?

    Not sure if it's been completed/processed, but I've submitted everything. And yes, they came back MANY times to request additional documents/evidence.

    12 months ago # QUOTE 0 Volod 0 Vlad !

18. Economist
    b28e
    

    Has anyone completed the background check? Did you receive multiple requests for additional documents?

    Not sure if it's been completed/processed, but I've submitted everything. And yes, they came back MANY times to request additional documents/evidence.

    Same here! Can't wait for the background check to be over.

    12 months ago # QUOTE 0 Volod 0 Vlad !

19. Economist
    b4ec
    

    Has anyone completed the background check? Did you receive multiple requests for additional documents?

    Not sure if it's been completed/processed, but I've submitted everything. And yes, they came back MANY times to request additional documents/evidence.

    Same here! Can't wait for the background check to be over.

    me too ! Do you know how we would know when the background check will be over? Are we going to receive a notification?

    12 months ago # QUOTE 0 Volod 0 Vlad !

20. Economist
    99c4
    

    For those that got the LoA, did they outline the mobility and relocation grants in the offer or does that come later?

    Apparently it would have had been in the LoA. Any other US citizens not get any relocation? Seems like a miss…I’ve still gotta move my family from a far away state to DC….

    12 months ago # QUOTE 0 Volod 0 Vlad !

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