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 33% 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 - a comprehensive database that features hundreds of organizations providing funding for women-owned businesses across the U.S. We also recently launched the Bank of America Marketplace, an online public marketplace and directory with 100+ women entrepreneurs to further spotlight and provide opportunities for women business owners.
The Bank of America Institute for Women’s Entrepreneurship at Cornell is the only online Ivy League, certificated program, for women business owners in the world. In 2022, we announced a further expansion of the program, bringing the total enrollment of small business owners to 100,000, 90% of whom identify as women of color.
Since launching our partnership with The Tory Burch and Bank of America Capital Program in 2014, we’ve provided more than $95 million in capital to connect women small business owners to affordable loans. Today, more than 5,500 women entrepreneurs have received loans through Community Development Financial Institutions (CDFIs) to help them grow and refine their businesses.
Through our Global Ambassadors Program, we continue to support Vital Voices, investing in emerging women leaders around the world, and the Cherie Blair Foundation for Women, enabling women in developing economies to build business skills and access capital. We’ve also invested $1 million in capital through the Bank of America Loan Fund for Women with Kiva, an organization that provides small loans to women entrepreneurs in more than 85 countries.
Through these programs, we’ve provided nearly one million hours of training and mentoring to women from more than 145 countries, enabling more than 128,000 women entrepreneurs to grow their business.
