Prestigious Program Has Provided 4,500
Students with Work Experience, Leadership Skills to Help Build
Future Careers
WASHINGTON, July 24,
2024 /PRNewswire/ -- Bank of America is celebrating
two decades of helping prepare the next generation of the
nation's workforce for skilled, high-demand careers
through its signature philanthropic program, Student
Leaders® (#BofAStudentLeaders). Launched in 2004, the
program connects service-minded high school juniors and seniors to
eight-week paid summer internships with local nonprofits to
gain early work experience and leadership skills. With these
internships often representing the students' first paychecks, the
teens also receive financial education coaching through Bank of
America's Better Money Habits® platform.
As the workplace continues to rapidly evolve and new career
opportunities develop, Bank of America recognized early on the need
to prepare a diverse pipeline of young adults for success in the
modern workforce. Over the program's 20 years, the bank has placed
4,500 students across nearly 100 communities into paid internships
at more than 500 local nonprofits – representing a $42 million investment into youth workforce
development.
Many of these student interns continued to make an impact long
after their internships ended, becoming leaders in business as
CEOs, heads of nonprofits, authors, medical professionals, teachers
and even the first Gen Z Member of Congress.
"By providing career and leadership development opportunities to
teens for 20 years, Bank of America continues to help develop the
next generation of skilled workers that is essential to America's
long-term workforce and economic growth," said AJ Barkley, Head of
Corporate Social Responsibility (CSR), Bank of America. "The
Student Leaders program has – and will continue to have – a
tremendous impact and longevity because of the inspiring young
people and nonprofit partners at the heart of the program."
The capstone of the annual program brings current Student
Leaders to Washington, D.C. for a
leadership summit to build strong peer networks, hear from proven
business, government and community leaders, learn about
cross-sector collaboration and participate in community service
activities.
Bank of America
Bank of America is one of the world's
leading financial institutions, serving individual consumers, small
and middle-market businesses and large corporations with a full
range of banking, investing, asset management and other financial
and risk management products and services. The company provides
unmatched convenience in the United
States, serving approximately 69 million consumer and small
business clients with approximately 3,800 retail financial centers,
approximately 15,000 ATMs (automated teller machines) and
award-winning digital banking with approximately 58 million
verified digital users. Bank of America is a global leader in
wealth management, corporate and investment banking and trading
across a broad range of asset classes, serving corporations,
governments, institutions and individuals around the world. Bank of
America offers industry-leading support to approximately 4 million
small business households through a suite of innovative,
easy-to-use online products and services. The company serves
clients through operations across the
United States, its territories and more than 35 countries.
Bank of America Corporation stock is listed on the New York Stock
Exchange (NYSE: BAC).
For more Bank of America news, including dividend announcements
and other important information, visit the Bank of America newsroom
and register for news email alerts.
Reporters May Contact:
Carla Molina, Bank of
America
Phone: 1.832.283.2681
carla.molina@bofa.com
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SOURCE Bank of America Corporation