By
Alice Tecotzky
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Bank of America CEO Brian Moynihan has said the bank is managing staffing largely through attrition.
Bank of America accepts less than 1% of summer interns, but its class size isn't shrinking
AI is changing Wall Street internships, but Bank of America says entry-level hiring remains a priority despite automation.
TL;DRAI
Bank of America keeps ~4,000 interns (0.8% rate, 240k apply)—maintains selective hiring in tech/cyber despite AI. Junior training shifted from manual work to AI tools and judgment—entry-level roles permanently changing, critical for CTOs evaluating talent strategy.
578 words~3 min read
