Bank of America employs roughly 87,000 people worldwide, making it one of the largest workforces in the banking industry. Recent staffing activity shows nearly 3,000 hires balanced against a little more than 3,000 departures, suggesting a stable overall workforce size. The headcount supports a full portfolio of consumer, commercial, and investment banking services and reflects a blend of client-facing, technical, and operational roles.
Finance and Administration is the company’s largest department with just over 17,000 employees, highlighting the scale of internal financial operations required to run a global bank. Engineering follows at more than 13,000 team members, underscoring the investment in digital platforms and technology initiatives. Sales and Support, Business Management, and Banking & Wealth Management each exceed 10,000 employees, demonstrating a broad focus on customer engagement and product oversight. Operations, IT, Marketing & Product, and Risk, Safety & Compliance round out the structure, giving Bank of America a diversified mix of expertise across nine major functional areas.
Charlotte, North Carolina represents the single largest employment hub with more than 11,000 staff, leveraging the city’s established financial services ecosystem. New York City houses over 6,000 employees who support market-facing and corporate roles. Additional sizable populations are located in Dallas, Chicago, Jacksonville, Los Angeles, Phoenix, Atlanta, and Wilmington/Newark, each ranging from about 1,200 to 4,000 people. A substantial "Other" category, totaling more than 56,000 employees, points to a broad national and international footprint that extends beyond the primary hubs.