Bank of America to hire 1,000 apprentices and invest $150M

Bank of America announced on September 24, 2026, that it will hire 1,000 additional apprentices over the next two years. The institution also pledged $150 million over five years to workforce development organizations across the United States, building on nearly $40 million invested in 2025 across more than 100 colleges and universities and over 600 non-profit groups.

The new apprentice positions will expand into Consumer Banking, Technology, Operations and client-facing areas. These hires come on top of the more than 800 apprentices the company already recruits annually for paid 12-month training programs.

Currently, approximately 40% of Bank of America hires do not hold a bachelor's degree. The bank is also working toward broader targets to hire 10,000 individuals with military backgrounds and 8,000 community college graduates over five years, while maintaining a minimum annual starting salary of at least $50,000.