Bank of America plans to hire 1,000 additional apprentices over the next two years as part of a $150 million investment in workforce development programs across the United States. The move comes as an ongoing commitment from the bank to build pathways into skilled careers and address evolving labor market needs.

The expansion will create more opportunities for workers to gain paid, on-the-job experience while developing practical skills for roles in financial services and related fields. Participants in the apprenticeship programs will receive structured training that combines real workplace responsibilities with skill-building, offering an alternative route to career advancement that does not require a traditional four-year college degree.

This initiative forms part of Bank of America’s broader effort to invest in career training and expand access to employment opportunities. The bank has previously strengthened its apprenticeship and workforce development programs through partnerships with employers, educational institutions, and community organizations. Those collaborations have helped tailor training to local and industry-specific needs while connecting participants with employers seeking talent.

The additional apprenticeships are expected to be rolled out gradually over the next two years within the framework of the $150 million workforce development commitment. The timing reflects broader economic trends in which businesses continue to seek workers with specialized skills even as many Americans explore practical, experience-based alternatives to conventional higher education pathways.

By scaling its apprenticeship offerings, Bank of America aims to support both individual career mobility and the development of a more skilled workforce. The programs are designed to provide meaningful entry points into professional roles, combining compensation with learning so that participants can earn while they build competencies valued by employers in financial services.