Bank of America Announces Hiring of 1,000 Apprentices and $150 Million Workforce Development Investment
During National Workforce Development Month in September 2026, Bank of America announced plans to hire an additional 1,000 apprentices over the next two years. These roles will span Consumer Banking, Technology, Operations, and other client-facing areas, expanding on recent hiring initiatives focused on military veterans, community college graduates, skills-based candidates, and campus hires. In addition to this workforce expansion, Bank of America is committing $150 million over five years to support workforce development organizations. This investment builds upon nearly $40 million already allocated in 2025 through partnerships with universities, community colleges, and nonprofit groups across the U.S. The initiative aims to strengthen local economies by providing individuals with skills training for high-demand jobs. The bank currently hires approximately 800 apprentices annually and has a strong focus on career mobility without requiring a bachelor’s degree. CEO Brian Moynihan emphasized that these efforts align with broader industry trends toward skills-based hiring, while Acting Secretary of Labor Keith Sonderling praised the initiative as beneficial for both workers and employers.
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Topics: apprenticeship programs corporate social responsibility hiring initiatives workforce development