Bank of America to hire interns, campus recruits despite AI threat

June 3 (Reuters) - ‌Bank of ​America ​said on Wednesday it would welcome about ‌4,000 summer interns and full-time ⁠campus hires, signaling a commitment ‌to entry-level talent even ‌as the rise of AI fuels industry concerns over ​the future of junior banking roles.

The bank will ⁠make 2,000 full-time recruits and open 2,000 ​internship roles, according to an executive at BofA.

Comments from ​senior banking executives ‌underscore growing industry anxiety over the disruptive potential ⁠of AI, which is increasingly automating complex, data-intensive tasks previously ⁠handled by human staff.

Wall Street's integration ​of generative AI has cast a shadow over entry-level banking roles. However, ‌BofA said it was committed to additional ‌entry-level hiring initiatives.

(Reporting by ⁠Saeed Azhar in ‌New York ​and Pritam Biswas in Bengaluru; Editing by Shreya ‌Biswas)

---

Serious News for Serious Traders! Try StreetInsider.com Premium Free!

---

You May Also Be Interested In

• BofA's Hartnett sees dollar slump, risk selloff if bond intervention fails
• BofA Securities Starts Mobility Global (MBGL) at Neutral
• Australia's capital to join gun buyback in response to Bondi Beach attack, Albanese says