Bank of America Adds 1,000 Apprentices
and $150 Million for Workforce Development

The Announcement at a Glance

Published from Charlotte, North Carolina on 24 September 2026, the announcement sets out the following:

• New apprentices — 1,000 additional hires over the next two years.
• Workforce investment — $150 million committed over five years to workforce development organisations, building on nearly $40 million invested in 2025.
• Existing scale — on top of the 800-plus apprentices the bank already hires each year.
• Business areas — Consumer Banking, Technology, Operations and other client-facing teams.
• Degree requirement — approximately 40 percent of the bank's hires do not have a bachelor's degree.
• Pay floor — teammates earn at least $50,000 annually.
• Apply channel — Bank of America's official careers site.

The bank frames this as part of a skills-first hiring strategy. Chair and CEO Brian Moynihan said: “This is one more way for us to do what we can to help create a skilled American workforce for tomorrow.”

What the Apprenticeship Route Actually Is

Bank of America describes an apprenticeship as a structured, paid work-based learning programme that combines on-the-job experience with training and development. Unlike a standard graduate scheme, the route is explicitly designed for people entering the workforce through non-traditional paths.

• Paid throughout — apprentices are employees on salary, not unpaid placements.
• About 12 months — roughly three times longer than the bank's typical internship, which lasts around ten weeks.
• Path to a permanent role — the announcement states apprentices have the potential to be promoted into a non-apprentice position.
• Portable credentials — the programmes are designed to lead to industry-recognised, portable qualifications or licensing, so the credential is not locked to one employer.
• Expanding scope — the bank says it plans to expand existing programmes and explore new roles and business areas to meet the 1,000-hire target.

That distinction matters when comparing programmes. A twelve-month paid structure with a route to conversion is a materially different proposition from a ten-week internship, and applicants should ask which one they are actually being considered for.

Who the Hiring Is Targeting

The 1,000 apprentices sit inside a wider set of commitments the bank has already made to non-traditional hiring pipelines:

• Military backgrounds — a commitment to hire 10,000 additional people with military backgrounds over five years.
• Community colleges — a commitment to 8,000 individuals from community colleges.
• Workforce organisations — the $150 million over five years supports organisations that equip people with in-demand skills; the 2025 investment reached more than 100 universities and community colleges and over 600 non-profit organisations across the bank's US markets.

On visa sponsorship — read this carefully

Bank of America's announcement says nothing about visa sponsorship, and the roles described are US-based. Apprenticeship programmes at this scale are generally designed for people with existing US work authorisation, so you should not assume this route is open to applicants who need sponsorship. If you require sponsorship, the bank's own careers site is the only place to confirm what is available — and be sceptical of anyone who claims otherwise on your behalf.

How to Apply

Apply only through Bank of America's official channel:

• Bank of America careers — https://careers.bankofamerica.com/

Bank of America does not charge application, interview or training fees. If anyone asks you to pay to be considered for a BofA role, it is a scam. Apprenticeship applicants should also expect the process to include structured assessments rather than a single interview — treat any “recruiter” offering to skip that in exchange for a fee as fraud.

How to Verify the Posting Is Real

Bank of America is one of the most impersonated employers in the United States, and a 1,000-hire apprenticeship push is exactly the kind of headline fraudsters clone. Run this checklist:

1. Check the domain — genuine BofA roles are posted on careers.bankofamerica.com. Look-alike domains, Gmail addresses and messaging apps are not the bank.
2. Confirm the announcement — the source is the official release carried on PR Newswire. If a “BofA apprenticeship” cannot be traced to that release, be careful about everything attached to it.
3. Check the recruiter's email — official BofA recruiters write from @bankofamerica.com addresses. Verify the sender domain rather than trusting the display name.
4. Never pay anything — no employer charges for applications, “background checks”, uniforms, laptops or training. A request for a fee, gift card or cryptocurrency is a scam, full stop.
5. Guard your documents — do not send Social Security numbers, bank details or identity documents until you have a formal, verified offer through the official system.
6. Watch off-platform moves — a recruiter who moves you to WhatsApp, Telegram or Signal, or offers a “placement slot” for a fee, is running a fraud operation.