Being a great place to work for our women employees
We invest in recruiting and developing strong women talent so they can build a career with us, all while cultivating a culture of caring through the programs, benefits and resources we offer.
Our investment in women is evidenced by strong representation at all levels of the organization — women make up 38% of our board of directors and our management team includes seven women leaders and today our global workforce is 50% women, which mirrors the communities where we live and work.
We offer best-in-class benefits and programs to support the diverse needs of women through all stages of work and personal life, including family planning support, parental and personal leave, back up care options, adult care support and a variety of other leave options. See here to learn more about the resources we provide to support our teammates.
Supporting our women clients and customers
At Bank of America, our ongoing work to invest in women includes making the financial lives of our women clients and customers better and advancing the economic empowerment of women in communities around the world through access to training, mentorship, capital and philanthropic support.
Around 40% of our small business clients are women, in line with the national average, and our Merrill Financial Advisors are committed to listening and learning from clients to better help with financial goals, including investing and retirement planning. Additionally, 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.
Empowering women in communities around the globe
Women play a vital role in driving economic growth within their communities and global economies, yet often face challenges in accessing capital and resources they need for success.
That’s why, in partnership with Seneca Women, we created the Bank of America Access to Capital Directory for Women Entrepreneurs – a first-of-its-kind platform that educates women-owned businesses in the U.S. on funding opportunities, including equity, debt and grant capital with more than 400 capital providers. Together with our Bank of America Access to Capital Directory, we’re focusing efforts where we believe the business owners can have the greatest impact.
To help support the success of business owners, we launched our Bank of America Marketplace by Seneca Women, an online public marketplace and directory that features more than 200 women entrepreneurs, including businesses that participate in programs for entrepreneurs supported by Bank of America. Additionally, our Bank of America Institute for Women’s Entrepreneurship at Cornell has an enrollment of more than 84,000 small business owners, more than 90% of whom identify as women of color.
Through our 10-year partnership with the Tory Burch Foundation and our extensive work with small business clients, we know that women entrepreneurs need greater access whether that’s access to training, mentorship, networks, capital or markets. Our newest partnership – the Tory Burch Foundation Business Webinars – further our long-term commitment to empower women entrepreneurs. Targeting early-stage, women-led businesses in all industries, the Business Webinars feature education on a range of entrepreneurial topics and a robust content library for on-demand learning.
Through our Global Ambassadors Program, we continue to support Vital Voices, assisting emerging women leaders around the world, and the Cherie Blair Foundation for Women, helping to enable women in developing economies, to build business skills and access capital.
Through these programs, we’ve provided more than one million hours of training and mentoring, helping more than 135,000 women entrepreneurs from more than 140 countries and territories to grow their businesses. These initiatives build on our ongoing work with partners to connect entrepreneurs to capital, including the Bank of America Loan Fund for Women Entrepreneurs at Kiva.
