Key facts
- Bank of America hired nearly 4,000 summer interns and full-time campus recruits.
- The number of hires is consistent with last year's figures.
- The bank received approximately 240,000 internship applications for fewer than 2,000 spots.
- The acceptance rate for internships was about 0.8%.
- New hires will receive AI training and are expected to use AI tools for tasks previously done manually.
Bank of America has hired nearly 4,000 summer interns and full-time campus recruits this year, a figure consistent with last year's numbers. The bank received approximately 240,000 internship applications for fewer than 2,000 available spots, resulting in an acceptance rate of about 0.8%. This hiring initiative occurs amidst broader industry discussions about the potential impact of AI on junior banking roles.