FEATURES
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Posted Mar 13, 2009
 Bank of America is a long-time national diversity leader and even as banks face unbelievable turmoil, it continues to maintain its commitment to diversity. Bank of America was the highest-ranked of seven banks on the DiversityInc Top 50 list. |
 Despite mergers and economic upheaval, Bank of America has maintained a continuous effort on work-force diversity. Blacks, Latinos and Asians are 44 percent of the work force and 53 percent of new hires.
Bank of America continues to be a progressive leader in implementing innovative work/life benefits, especially those that allow employees more flexibility for family concerns. The company also has first-rate benefits for same-sex domestic partners of employees.
Bank of America has strong employee-resource groups (37 percent of employees are members of these groups). These groups are used for recruitment, talent development and reaching and understanding customers.
The company gets a perfect score for communicating its diversity commitment on its web site and also maintains its philanthropic commitment to multicultural communities, with 29 percent of all philanthropy aimed at those groups. Its donations include to INROADS, the Thurgood Marshall College Fund and the UNCF. |
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Kenneth D. Lewis, Chief Executive Officer and President
"Our commitment to diversity is a commitment to individuals and to the team. It's about creating an environment in which all associates can fulfill their potential without artificial barriers, and in which the team is made stronger by the diverse backgrounds, experiences and perspectives of individuals. It's about giving all of us--individually and together--the best possible chance to succeed." |
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Geri Thomas, Senior Vice President, Human Resources, and Global Diversity and Inclusion Executive
"Bank of America's emphasis on inclusive meritocracy is more than just the right thing to do--it's also a key business practice. In the current economy, our understanding of and connection to our diverse customer base is more critical than ever in maintaining a competitive advantage in the marketplace." |
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Specialty Lists
- No. 2 in The DiversityInc Top 10 Companies for Recruitment & Retention
- No. 6 in The DiversityInc Top 10 Companies for Latinos
- No. 4 in The DiversityInc Top 10 Companies for Executive Women
- No. 9 in The DiversityInc Top 10 Companies for Supplier Diversity
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Industry
Financial Services
Main Competitors
Citigroup, JPMorgan Chase, Wells Fargo & Co.
U.S. Headquarters
Charlotte, N.C. |
Number of U.S. Employees
186,960
Annual Revenue
$66.4 billion
% of Operations Outside U.S.
6.25 |
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