Social Impact Career Paths | Dalberg, World Bank, Non-Profit Organization jobs - YouTube

Hello today we are going to speak about

Social Impact and Public Policy related career fields. So I get a lot of messages from

Students on Linkedin and several other forums that we would like to pursue a career path in

policy and would like you to suggest a few key points regarding this career path

So that we can structure a career in this space

So on this video, I am going to speak about three key points. First, I will speak about what type of

jobs are available in public policy and social impact related fields

Second, I will speak about which degree(s) you should pursue

& which degrees hold more prominence in case you are interested in this space

Third and finally, I will speak about the exit opportunities post social impact space

If you start working in the public sector or social impact space

so what type of exit opportunities would be available to you. So let's get started with this video

First, let us talk about job opportunities in the Public Policy domain

If you want to work in the Public Policy/Social Impact domain you have two options

First, would be that you can work with the government or

government organizations. This is called as Public Sector path. Here

you will have options to work on jobs like the Ministry of Rural Development

or Ministry of Finance. You will get options to work as a Consultant . You can apply directly here.

These are mostly contract based positions. The career growth opportunities are quite good.

So you should definitely check these positions out

There will be several good options here. The second option that comes here is

that you can work with government related bodies

For example Quality Council of India (QCI), which is an organisation that

does Consulting for the Government. So you can apply for these types of jobs -- these सो आप इन सारी जॉब्स के लिए अप्लाई कर सकते

are all government related contract jobs. Outside these options, if you wish to become a Bureaucrat,

you will have to clear an exam called UPSC- Indian Economic Service,

Indian Engineering Service are other related exams, in which you will get public sector related

policy making experience. These are mostly permanent jobs.

You must already be knowing about this process that you have to face a competitive exam

And if you are successful in that exam, then you get the job, which is almost permanent

This is the primary advantage of these type of jobs. So this is about Government related jobs.

So if we move into the Private Sector jobs, so we have several options available.

So I will cover these quickly। So first and foremost, you can work with

non-profit organisations. So there are several non-profit organisations-- for example:

There is Teach For India, Make A Difference. You can work with these organisations. These are pure social impact and non-profit

organisations. Second option in the Private Sector space, you can pursue is to

work with Social Impact Private Consulting firms. For example

organisations like Dalberg or FSG. These are social impact organisations. In these

you work as a Consultant and the career growth options here are immense and strong

Especially, if you are working with Dalberg or FSG

These are considered to be elite firms in the social impact

Consulting space

Usually, Consultants from here go to do MBA or Masters in Public Policy

from elite schools. So the career growth options are very strong.

Apart from these options, you can consider working with Multilateral organisations such as

for example, you can work with the World Bank (YP=Young Professional) role, which is an option, through which you can apply

So again, World Bank, Asian Development Bank (Infrastructure practice)

which you can join. So there are several options, which you will get

which you can pursue with multilateral organisations

This is a very strong career path

So we have 2-3 options. You can work with the government directly. Here mostly

You will have contractual positions or permanent positions, for which

there are competitive exams

Else you can move into the private sector. Here, you will have social impact consulting jobs

such as Dalberg, FSG or non-profit jobs. So this is the spectrum of jobs you can aim to get

So let's speak about what type of degrees you could pursue

If you are interested in any of these job types

So if you wish to work with the Government (directly) or with government bodies so you can

pursue a Bachelors and Masters in literally any field. You will have to clear the competitive exam

And there are no strict requirement in terms of the type of degrees-

for eg. if you wish to work with QCI as a Consultant or work at Ministry of the Ministry of Finance as a Consultant then you don't need a specific type of a degree

At times, depending on the job, they might come up with very specific requirements

For example, if you wish to work with the Economics wing of Ministry of Finance, so you might be required to have a Masters

degree in Economics. So if you are interested in such jobs,

you should scout the job opportunities and degrees accordingly, but

in summary, if I tell you, if you wish to work with the Government or Government related bodies

then in general there are no specific degree requirements

but as a suggestion: if you have economics, economics related or

business related degrees, then you might have a slight advantage.

Now you might say that I wish to work in the private organisation

For example Dalberg or FSG, so what type of degrees should I pursue to get jobs here?

So my suggestion would be to pursue an MBA

The primary advantage of pursuing an MBA is that it is a degree which has a very high utility

for example, recruiters know what an MBA is; they understand the competition level to get to a good MBA program and क्या है। वहां पे कॉम्पटीशन लेवल क्या होता

what type of candidates they can recruit

Now a days, there are many fancy degrees which have come out in the market. For example: MPP, Masters in Public Policy

MPA-ID, so on and so forth. There is nothing wrong if you are pursuing such degrees

but you should aim to get into a top university, else you might face a lot of issues going forward.

Let me give you an example: you might find London School of Economics (LSE)

from a brand value perspective - you will find it to be a very storng name, but if you go and check how many

courses it runs so you will be surprised

with the number of courses they run. Therefore, the admission becomes very easy

and therefore the degree then has a limited value

So think from this perspective. So your primary preference if you wish to work in the private sector in

social impact jobs, so you should pursue an MBA

because recruiters have a lot of knowledge. Some jobs within the private sector, for example

Dalberg, specifically prefer an MBA. In addition to this ADB (Asian Development Bank) infrastructure specialist role

also prefers an MBA; similarly at World Bank YP (Young Professional) job

they prefer both- whether you have done an MBA or MPP

In both the scenarios you can get a job easily. So just to cut the long story short:

So if you are interested in a Public Sector career path, if you do an MBA, then also you will have an advantage OR

you can pursue a degree in Economics, Finance, Business related degrees

then also you will have an advantage. An important point to note is

that you should go to a strong name university and to a course which has some competition to get in

so that you can target jobs with good recruiters

So please keep this in mind. This was the 2nd topic that I wanted to cover.

Third and final topic is around the Exit Opportunities

Exit Opportunities: let's say you are in Consulting

traditional consulting, for example BCG, Bain, McKinsey.

So if you wish to work in some other corporate job it gets very easy to switch

However, if you are involved with a non-profit but if you wish to switch to a corporate job

So this would not be an easy career move. So if you wish to make a career in the social impact space

please keep in mind that if you are working with a pure non-profit firm

so your exit opportunities would get very limited. However

if you still say that I wish to try out the social impact career path once

and I am very passionate about it. So my suggestion to you would be to engage on Consulting

related or impact investment related - for example if you pick jobs with Dalberg, BCG, Aavishkar Foundation, Acumen Fund

You will have several exit opportunities

So please keep these three things in mind (1) what type of career options/jobs

(2) What type of degrees/programs to pursue

(3) Before jumping into a career path in social impact/public policy, what

type of Exit Options you have

So I hope that you liked this video. So please like and comment

I will be very happy to shoot a part-2 of this video, if you have any specific questions