Bank of America to hire thousands from low- to middle-income areas

CHARLOTTE, N.C. — Bank of America Corp. plans to hire 10,000 employees from low- to middle-income communities for positions in its consumer and small business division over the next five years.

The Charlotte-based bank is working with nonprofits in various locations through its Pathways program to determine those best suited to participate in this latest hiring initiative. Eligible employees are determined by ZIP code, rather than an income threshold.

“It’s an integral part of our overall hiring strategy,” says John Jordan, head of adviser development at BofA. “Every year, we’re looking to hire the best and brightest.”

Jordan also leads The Academy, which is the bank’s training and career development program. Eligible employees who accept a position with BofA will undergo training at The Academy, offerings of which range from on-boarding to skills for how to move up in a career path, depending on the employee’s needs, according to Jordan.

This latest hiring initiative, coupled with opportunities through Pathways, is part of a larger goal to fuel the talent pipeline, Jordan says. BofA also works with organizations including Year Up, UnidosUS, the Boys & Girls Clubs of America and Urban Alliance.

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Cox Media Group