Bank of America

  • Number of Employees
    >5000

bofa

We deeply appreciate the service of our nation’s military. Since 1920, Bank of America has supported our men and women in uniform, and we are committed to connecting them to the support they need to transition back into civilian life. That includes financial education for military families, supporting programs that promote wellness, recruiting and hiring veterans and working with organizations that provide homes to returning service members.

 

 

Life is better when we are connected to our employees

Every day, we are focused on delivering on the promise of being a great place for people to work. We actively promote an inclusive environment where all employees have the opportunity to achieve personal success and contribute to the growth of our business.

At Bank of America, we’re committed to attracting, recruiting and retaining top diverse talent from across the globe. We are focused every day on delivering on the promise of being a great place for people to work by creating an environment where all employees feel they have the opportunity to achieve their goals. We value our differences—in thought, style, culture, ethnicity and experience—understanding that diversity and inclusion are good for business and make our company stronger. Bank of America is proud to be a leader in supporting diversity and has been widely recognized for our progressive workplace practices and initiatives that promote inclusion.

We partner with a variety of organizations to find the best talent for our company and support and participate in recruiting events coordinated by many of our external partners.

Our campus recruiting team visits colleges and universities across the globe to secure talent for our internship and associate programs. Our military and veteran recruiting team partners with a variety of organizations and attends job fairs to find talented military service members, military spouses and veterans to join our company. Additionally, our Diversity Executive Recruiting team actively identifies prospective executives and connects talent to leaders within Bank of America.

Bank of America is one of the world's largest financial institutions:

  • We serve approximately 51 million consumer and small business relationships with approximately 5,200 retail banking offices and approximately 16,200 ATMs and award-winning online banking with 30 million active users and more than 14 million mobile users.
  • We are among the world's leading wealth management companies and are a global leader in corporate and investment banking and trading across a broad range of asset classes, serving corporations, governments, institutions and individuals around the world.
  • We serve clients through operations in more than 40 countries.

Here, you'll work for a company recognized for creating industry-leading technology, products and services. Our leaders serve on numerous local and national boards and regularly receive top industry honors, including recognition in US Banker, Forbes, Working Mother and Diversity Inc. and others. You'll have opportunities to achieve your goals.

Workforce Data

We strive to develop a workforce that reflects the communities where we live and work. Encouraging a diverse, inclusive workplace gives us the business advantage of understanding and meeting the needs of diverse customers, clients and communities. Globally, approximately 56 percent of our workforce is female.

Benefits

Health & Insurance Benefits

We offer a comprehensive benefits package that includes medical, dental and vision coverage for employees and their eligible family. Life and disability insurance options provide income replacement in the event of serious injury or death.

Our health plans focus on wellness and helping employees learn more about their own health to save money in the long run. Through this focus on wellness, our covered employees and dependents have access to tools like healthy lifestyle coaching to support a healthier life. Employees can contribute to tax-favored health care accounts to help manage out-of-pocket health care costs. To help, the bank also contributes to eligible employee’s health care accounts.

Medical

Bank of America offers medical plans that are easy to understand; and delivers valuable features to help manage health care costs by focusing on wellness. All of our plans include the predictability of an annual deductible, security of an out-of-pocket maximum and coverage for eligible medical services, such as doctor's office visits, specialist care or a hospital stay as well as a prescription drug plan.

Dental

We offer a dental plan that provides coverage for preventive care, basic care, like fillings, extractions and repairs, and major care, like crowns, dentures and bridges.

Vision

Our vision plan covers eye exams, eyeglass lenses, frames and contact lenses. Employees also can elect a vision discount program, which offers discounts on routine eye exams, eyeglasses, LASIK surgery, contact lenses, nonprescription sunglasses, contact lens solutions and other eye care accessories.

Health Care Accounts

Health care accounts help our employees manage out-of-pocket costs by setting money aside pretax from their paycheck to use for eligible health care expenses.

Dependent Care Flexible Spending Accounts

This account allows employees to contribute pretax dollars to pay for eligible out-of-pocket dependent care expenses.

Associate Basic Life Insurance

Employees are automatically provided with bank-paid basic life insurance equal to one times their annual base salary, up to a maximum of $2,000,000.

Supplemental Life and Accidental Death and Dismemberment Insurance

Our employees may purchase Supplemental Life and Accidental Death and Dismemberment (AD&D) insurance for themselves, their spouse/domestic partner and their children, up to certain limits. Additional supplemental life insurance can be purchased for up to eight times the sum of annual pay and bonus up to $3,000,000. AD&D insurance pays a benefit if an employee (or a covered family member) becomes paralyzed, dismembered or dies as the result of an accident.

Performance-based compensation

In addition to base compensation -- bonuses and incentive programs are important parts of our overall compensation package.

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