Bank of America has plans to raise its minimum wage to $20 an hour in two years. Effective on May 1, 2019, Bank of America will increase to $17 an hour.
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“If you get a job at Bank of America, you’ll make $41,000, with the success our company has, we have to share that success with our teammates” – Brian Moynihan Bank Of America CEO
Most people I know that work at or have worked for a bank hated it. I found it hard to believe that $20 an hour will not ease that pain of working for a big commercial bank.
Bank of America currently employs over 200,000 people.