BofA Increases Military Hiring by 10,000, Expands Community College Hiring, Adds Jobs in New Financial Centers

Core Viewpoint - Bank of America is enhancing its commitment to skills-based hiring by planning to hire 10,000 military veterans and 8,000 individuals from community colleges over the next five years, alongside creating 700 new financial center jobs in growth markets [1][2][5] Group 1: Hiring Initiatives - The bank aims to increase military hiring, bringing the total number of veterans hired since 2015 to over 30,000 [3][6] - Bank of America will double its annual hires from community colleges from 800 to 1,600, recognizing their role in preparing skilled talent for the workforce [4] - The hiring initiatives are part of a broader strategy to provide economic opportunities and support workforce development across the country [2][5] Group 2: Workforce Development - The company emphasizes a skills-first approach to hiring, focusing on training and development through its Academy, which offers structured programs and resources for career growth [2][8] - The bank's commitment to workforce development includes hiring individuals without four-year college degrees, military veterans, and community college graduates [2][4] - The Academy provides high-quality training, job coaching, and access to opportunities for employees to advance in their careers [8] Group 3: Local Market Expansion - Bank of America is expanding its financial center network in states like Alabama, Idaho, Louisiana, and Wisconsin, creating 700 jobs in these new locations [5][7] - The expansion includes plans for 26 financial center openings over the next 18 months and an additional 37 openings in 2027 [7] - This local market expansion supports the bank's commitment to driving economic growth and creating job opportunities [5]