Bank of America has announced a major new hiring initiative, committing to add 10,000 individuals with military backgrounds and 8,000 graduates from community colleges over the next five years. This move strengthens the bank’s “skills-first” approach to hiring and includes a plan to create 700 new jobs by expanding its financial center network into new states.

The announcement underscores the company’s commitment to creating economic opportunities and investing in a diverse and skilled workforce, looking beyond traditional four-year degrees to attract top talent.

🎖️ Honoring Service with New Careers

A key part of the new plan is a renewed focus on hiring veterans and other individuals with military experience. The goal of hiring 10,000 more military-affiliated employees builds on a long-standing commitment. Since 2015, the bank has already hired over 20,000 veterans, and this new pledge will bring that total to more than 30,000.

To ensure a smooth transition into civilian careers, Bank of America provides robust support systems, including:

• A veteran onboarding program that pairs new hires with a mentor.
• The Military Support & Assistance Group, an internal network with over 22,000 members across 43 chapters that offers community, development, and networking opportunities.

🎓 Tapping into Local Talent Pipelines

Recognizing the vital role community colleges play in workforce development, Bank of America will double its annual hires from these institutions from 800 to 1,600. This will result in a total of 8,000 new hires from community colleges over the next five years.

Once on board, all new teammates gain access to The Academy, Bank of America’s comprehensive training and development program. The Academy offers structured education, tools, and resources to help employees build their skills and advance their careers within the company.

🏦 Expanding to New Markets

The bank is also driving local economic growth by expanding its physical footprint into new markets, including Alabama, Idaho, Louisiana, and Wisconsin. This expansion will create 700 new jobs to support the opening of 26 financial centers over the next 18 months, with an additional 37 centers planned for 2027. These local centers often serve as a launching pad for long-term careers, with many employees progressing into leadership roles.

“Our commitment to hire individuals with a broad range of skills and experiences is key to how we recruit talent to best serve our clients,” said Sheri Bronstein, Chief People Officer at Bank of America. “It also opens doors to create economic growth in our communities and opportunities for our teammates as they advance in their careers.”

This multi-faceted approach aims to empower individuals, support families, and strengthen the communities where Bank of America operates.