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Bank of America expands apprenticeship program with 1,000 new hires
Fox Business • • business
Key Points:
- Bank of America plans to hire 1,000 additional apprentices over the next two years, expanding its skills-based hiring efforts across consumer banking, technology, operations, and other areas.
- The bank will invest $150 million over five years in workforce development programs to equip individuals with in-demand skills and connect them to career opportunities.
- Approximately 40% of Bank of America's current hires do not hold a bachelor's degree, reflecting its shift toward skills-based hiring rather than focusing solely on college degrees.
- The bank has also committed to hiring 10,000 workers with military backgrounds and 8,000 community college graduates over the next five years.
- This announcement aligns with Bank of America's broader economic investments, including a recent $250 billion initiative to finance U.S. infrastructure projects and plans to hire nearly 4,000 summer interns and campus recruits.
