TLDR
- BAC closed at $51.40 on Sept. 17, up 1.46%, and rose 0.79% pre-market.
- Bank to hire 10,000 more veterans over five years.
- 8,000 new hires from community colleges targeted by 2030.
- 700 financial center jobs to be added in new U.S. markets.
- Skills-based hiring and training academy central to strategy.
Bank of America Corporation ($BAC) closed at $51.40 on September 17, 2025, gaining 1.46% during the trading session. In pre-market hours, the stock climbed further to $51.81, up 0.79%.
Bank of America Corporation (BAC)
The bank paired this market performance with significant hiring announcements aimed at strengthening its long-term workforce pipeline and supporting the broader U.S. economy.
Expanding Military Hiring
The bank committed to hiring 10,000 additional individuals with military backgrounds over the next five years. Since first making a pledge in 2015, Bank of America has hired more than 20,000 veterans and plans to raise that figure to over 30,000.
Support programs such as the veteran onboarding initiative pair new hires with mentors, helping ease the transition into civilian life. The company’s Military Support & Assistance Group has 43 chapters and more than 22,000 members, offering networking, mentoring, and volunteer opportunities for military employees and their families.
Boosting Community College Recruitment
Bank of America will double its annual community college hires from 800 to 1,600, totaling 8,000 recruits over the next five years. This effort underscores the importance of local institutions in building a talent pipeline for entry-level financial services roles.
The Bank of America Academy supports these new hires with structured programs, on-demand education, and resources to build careers within the organization. Employees can pursue leadership opportunities after entry-level roles, with access to continuous job coaching and career development.
Financial Center Job Growth
The company is also expanding into new growth markets by opening financial centers in Alabama, Idaho, Louisiana, and Wisconsin. This initiative will create 700 jobs as the bank opens 26 new centers over the next 18 months and 37 more in 2027.
These positions are designed to provide career starting points while also supporting local economic growth. Many financial center employees advance into leadership roles as they progress in their careers through the bank’s training and development programs.
Long-Term Career Development
Chief People Officer Sheri Bronstein emphasized that the company’s strategy of skills-first hiring and career development reflects its commitment to both employees and communities. Bank of America’s approach combines training, benefits, and career coaching, designed to empower individuals to thrive and support their families.
The company highlighted that this large-scale hiring initiative will not materially affect its overall workforce size, reflecting disciplined headcount management while continuing to invest in talent pipelines.
