World Bank is one of the highest paying institutions in the world with annual salaries ranging between $27,500 and $424,000. The institution pays salaries based on an individual’s qualification, job group and work experience. The lowest job group is GA which pays between $27,500 and $51,100 per annum.
According to the World Bank,the highest employee at the institution pockets $424,000 per year which is equivalent to Ksh 42.4 million. This amount is net pay.
One thing to note is that World Bank employees in most countries don’t pay tax,the amount they receive is both gross and net unless they are servicing loans.
Below is a table showing how World Bank employees’ salaries and whether it’s a good employer based on the pay:
WBG Grade | Minimum (US$) | Midpoint (US$) | Maximum (US$) |
GA | 27,500 | 39,300 | 51,100 |
GB | 33,600 | 48,000 | 62,400 |
GC | 41,100 | 58,700 | 76,300 |
GD | 48,500 | 69,300 | 90,100 |
GE | 65,900 | 94,100 | 122,300 |
GF | 86,200 | 123,100 | 160,000 |
GG | 114,100 | 163,000 | 211,900 |
GH | 154,700 | 221,000 | 287,300 |
GI | 235,700 | 294,600 | 353,500 |
GJ | 281,900 | 331,700 | 381,500 |
GK | 313,400 | 368,700 | 424,000 |