Starting a career at the European Bank for Reconstruction and Development (EBRD) can be competitive as it is a prestigious multilateral developmental investment bank. With staff from dozens of countries, the institution’s workforce is as diverse as its portfolio. Whether you are a banker, analyst, economist, IT specialist or researcher, there are a number of opportunities to support the EBRD in its mission. For more in-depth and valuable insights provided by current or former EBRD employees, read this article.
Key Takeaways:
- The EBRD was established to help to build a new, post-Cold War era in Central and Eastern Europe and has since invested more than €180 billion in over 6,800 projects.
- According to former employees and consultants, to start a career with EBRD, candidates should have academic qualifications in the relevant fields, a mix of general and specific professional experience, proficiency in software tools, and advanced language skills.
- Effective interview preparation involves researching the EBRD’s mission and strategy and becoming familiar with the selection process, including potential assessments and tests.
See also: A brief history of the EBRD
DevelopmentAid: Which major skills and requirements are necessary to start a EBRD career?
- “Academic qualifications. At least an academic degree, in Engineering (B.Sc.) in law, accounting, finance, business administration, economics, or IT. Preferably a postgraduate degree in these fields of study, at least to Master’s level.
- General Experience. At least five years in the public or private sector working as a professional in engineering, law, finance, accounting, economics, or IT.
- Specific Experience. At least 10 years in the public or private sector working as a professional in engineering, law, finance, or accounting in specific fields such as procurement, road engineering, project finance, and IT.
- Skills requirements. Proficiency in Word, Excel, PowerPoint, and current knowledge of today’s technology such as AI, would be an asset.
- Advance Proficiency of English and other European languages.”
“Working with large donors requires extensive reading and comprehension of a donor’s processes related to tender procurement, writing terms of reference, and effectively composing one’s curriculum vitae. On a practical level, communication skills are initially important, but job knowledge and prior experience will ultimately dispel any doubts. Thirdly, a broader understanding of project management, such as PMI/PMP or Prince2 and additionally familiarity with EBRD project handling procedures is valuable. Awareness of crafting proposals and concept notes across various industries, particularly in the context of the ever-evolving landscape of climate change and green environments, is advantageous. Using the EBRD CV format holds benefits, along with the organization of previous projects while aligning these with your work and tools. Understanding macro, meso, and micro-level dynamics is pivotal, as are proficiency in languages and adept report-writing skills. Lastly, a Master’s degree is a significant achievement in this context.”
“Technical Skills: Financial accounting, financial analysis, corporate finance, capital market and investment, risk management.
Behavioral: Teamwork, goal orientation, time and project management, communication, business acumen.”
DevelopmentAid: What are the challenges when applying for a position at EBRD?
“Overcoming the challenges to access the EBRD requires a multi-faceted approach, including drafting an effective motivation letter that conveys your qualifications and commitment, as well as comprehensive technical and behavioral preparation to demonstrate your readiness for the opportunity.”
DevelopmentAid: How do you prepare for an EBRD interview?
“By performing at high standards in your professional activity. By doing research on the EBRD’s policies, regulations, project currents and past.”
“To effectively prepare for an EBRD interview, one should begin by delving into the role of Multilateral Development Banks (MDBs) and understanding their strategic significance in the global landscape. Next, delve deeply into EBRD’s mission, strategy, annual reports, and project portfolio to gain a strong grasp of the organization’s objectives and its impact. Engage in meaningful conversations with EBRD’s staff, with particular attention to the role you’ve applied for, as their insights can offer valuable information about the organization’s culture and role expectations. Actively participate in EBRD-hosted conferences and events to demonstrate your genuine interest in the organization and to network effectively while gaining further insights. Lastly, make sure to familiarize yourself with EBRD’s selection process, including interview formats and any potential assessments or tests you may encounter.”
DevelopmentAid: What are some mistakes that young professionals make when applying for an EBRD position?
“If qualified, failing to learn in-depth about EBRD’s recruitment requirements.”
“One of the mistakes could be underestimating the importance of effective communication, focused responses (straight to the point) and providing real-life examples (from their own academic, professional experience).”
DevelopmentAid: What are the main challenges and benefits of working for the EBRD?
“A fulfilled professional career. Job security if performed up to standards.”
“Challenges: strong technical people, need for continual updating with best practice, career progression could be slow. Benefits: being exposed to top professionals (learning from MDB top school), learning and development is promoted, intercultural environment, corporate culture.”
See also: Working with the OSCE. Tips for junior development professionals | Experts’ Opinions
Securing a position at the EBRD can be a highly competitive process. The organization attracts candidates from diverse backgrounds who are highly qualified and motivated to work in areas related to development, infrastructure, and finance. With the DevelopmentAid Professional and Professional Plus Membership, you will not miss a single opportunity because you will have full access to all the EBRD’s jobs, tenders and grants for individuals as well as other useful information.
