Bank of America announced plans on 24 September to hire 1,000 additional apprentices in the United States over the next two years. It also committed $150 million over five years to workforce development and skills training. The initiative expands recruitment routes for candidates without a four-year university degree.
The bank said the new apprenticeships will span consumer banking, technology, operations and client-facing functions. It already recruits more than 800 apprentices annually through existing programmes. About 40% of its current hires do not hold a bachelor’s degree, according to the company.
HIRING ROUTES WILL EXPAND
The bank’s apprenticeship programmes provide paid, work-based learning for people entering the workforce through non-traditional pathways. Bank of America said apprentices will receive practical experience and opportunities to move into longer-term careers. The company plans to expand existing programmes and explore new roles and business areas to support the commitment.
The investment will support workforce development organisations that equip individuals with in-demand skills and connect them to career opportunities. Bank of America said it invested almost $40 million in 2025 through partnerships with more than 100 universities and community colleges and more than 600 non-profits. The bank said working with such organisations helps align training with real jobs.
BUILDING ON EARLIER HIRING PLEDGES
The new commitment builds on earlier pledges to hire 10,000 additional people with military backgrounds over five years and 8,000 people from community colleges. Chair and CEO Brian Moynihan said the programmes underscore the bank’s “continued commitment to expanding opportunity and helping talented individuals develop the skills to succeed”.
Bank of America said specific organisations and investments would be determined over time based on local workforce needs and opportunities for impact.
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