Bank of America plans to hire 1,000 additional apprentices over the next two years, together with the more than 800 it already hires each year, the bank said in a Thursday (Sept. 24) press release.

The bank will also invest $150 million in workforce development across the United States, building on the nearly $40 million it invested in 2025, according to the release.

“This is one more way for us to do what we can to help create a skilled American workforce for tomorrow,” Bank of America Chair and CEO Brian Moynihan said in the release. “Our apprenticeship and workforce development programs underscore our continued commitment to expanding opportunity and helping talented individuals develop the skills to succeed.”

Bank of America’s commitment to hire additional apprentices will expand job opportunities into the bank’s Consumer Banking, Technology, Operations and other client-facing areas, according to the release.

The bank’s apprenticeship programs provide structured, paid, work-based learning opportunities for individuals entering the workforce through nontraditional pathways, thereby expanding access to long-term careers that do not require a bachelor’s degree, the release said.

The apprenticeships combine on-the-job experience with training and development, often lead to portable credentials or licensing, and may lead to promotion to a non-apprentice role, per the release.

Bank of America’s $150 million investment will support workforce development organizations that equip individuals with in-demand skills, prepare them for employment and connect them to career opportunities, according to the release.

The bank will determine specific organizations and investments over time based on local workforce needs and opportunities for impact, per the release.

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