Reaffirming our investment in women

At Bank of America, our teammates are our most powerful resource. Being a great place to work for our employees is a key component of how we drive responsible growth in a sustainable manner, and is essential to how we make financial lives better. A fundamental part of this work is investing in women to empower them to make meaningful contributions within our company and in our communities. March brings special opportunities to reaffirm our commitment to invest in women with International Women’s Day on March 8, and Women’s History Month in the U.S. – key moments to celebrate the achievements of women throughout history and today, and highlight how we continually support the success of women.

We’re proud of the strong representation of women at all levels of our organization, including the leadership of the women on our management team. That’s why we support the personal and professional well-being of our female employees, through programs and benefits driven by the Global Human Resources team, and beyond. In addition, we recognize the vital role women play in advancing thriving economies, so we’ve formed partnerships to support the economic empowerment of women around the world.

Being a great place to work for women

  • Developing and advancing women: We’re committed to attracting and developing diverse and female talent, and have strong programs in place to help them advance their careers including our annual Global Women’s Conference, Diverse Leaders Sponsorship Program, and Power of 10 mentorship program.
  • Industry-leading benefits: We offer a variety of benefits and programs to support female employees in managing the demands of work and personal life including flexible work arrangements, tuition reimbursement and 16 weeks of paid maternity, paternity and adoptive leave for U.S. parents. Prospective and working mothers can access infertility and maternity support through our health plans, and we recently enhanced our expense reimbursement benefit to support nursing mothers by covering costs associated with shipping breast milk while away on business travel.
  • Connecting women employees: We have a variety of enterprise and line of business networks in place to enable women to stay connected and develop skills to grow into future roles including our largest employee network, Leadership, Education, Advocacy and Development (LEAD) for Women and our Investing in Women Leadership Council, which brings together senior executives representing the company’s lines of business.
  • Progressive workplace policies and practices: We’re focused on providing fair and equitable pay for all our teammates. In our most recent review of total compensation for U.S. and UK employees, results showed that across the company, compensation for women is equal to on average 99% of that received by men. And beginning in March, we will further this effort by restricting how we solicit compensation information from candidates during the hiring process.

Making the financial lives of women better

We’re driven by our purpose – to help make financial lives better, through the power of every connection. This includes helping our women clients and customers improve their financial lives and achieve their personal financial goals. We’ve continued to show our support for women-owned businesses by serving as the presenting sponsor for the fifth consecutive year at the annual National Association of Women Business Owners (NAWBO) Women’s Business Conference. In addition, through our gender lens investing strategy, we help consumers, corporations and investors create gender-related social change while growing their business profits. And through our Better Money Habits program, we’ve developed educational content focused on helping women navigate the unique challenges often faced in the workplace on topics like workforce reentry and retirement.

Advancing the economic empowerment of women through partnerships

Women play a vital role in driving economic growth within their communities and global economies, yet often face challenges in accessing capital. That’s why we invest in partnerships to connect women entrepreneurs to the mentoring, training and capital they need for success. Through the Tory Burch Foundation Capital Program, we’ve committed more than $50 million in funding to help women entrepreneurs in the U.S. grow their businesses. Around the world, our Global Ambassadors Program, a partnership with Vital Voices, and partnership with the Cherie Blair Foundation connect women entrepreneurs to mentoring and skills-building that will help them build business acumen. In addition, we partner with Kiva, an organization that provides loans to women entrepreneurs in more than 80 countries. Through our partnerships, we’ve helped more than 7,000 women entrepreneurs advance their businesses.

We’re proud of our efforts to invest in women

  • We’ve been recognized every year since its inception as one of the leading financial institutions on the Bloomberg Gender-Equality Index.
  • We’ve been recognized as one of the National Association for Female Executives (NAFE) 2018 Top Companies for Executive Women since 2009.
  • We’ve been recognized as a top 10 company in Working Mother Magazine’s 100 Best Companies list of 2017; our 29th consecutive year on the list.
  • We’ve been recognized by American Banker as having one of the “Top Teams” of women leaders, and ranked five of our female executives among the Most Powerful Women in Banking and Finance.


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