Bank of america associate benefits -
The Bank Internship Program (BIP)
The Bank Internship Program is now accepting applications through January 31st for its Summer Term (May – September 2022). The Bank Internship Program (BIP) offers highly motivated individuals an opportunity to be exposed to the mission and work of the World Bank. The internship allows individuals to bring new perspectives, innovative ideas and research experience into the Bank's work, while improving skills in a diverse environment. In addition, it is a great way to enhance CVs with practical work experience. Internships are available in both development operations and other business units (such as Human Resources, Communications, Accounting, etc.) however, availability during a given internship term is based on business need. To access the application, please click the apply button, noting that only selected candidates will be contacted.
To be eligible for an Internship, candidates must have an undergraduate degree and be enrolled in a full-time graduate study program (pursuing a master's degree or PhD with plans to return to school full-time). There is no age limit.
Fluency in English is required. Knowledge of languages such as: French, Spanish, Russian, Arabic, Portuguese, and Chinese is desirable. Other skills such as computing skills are advantageous.
We value diversity in our workplace, and encourage all qualified individuals, particularly women, with diverse professional and academic backgrounds to apply. Our aim is to attract and recruit the best talent in the world.
The WB Internship Program typically seeks candidates for: Operations (Front Line) in the following fields: economics, finance, human development (public health, education, nutrition, population), social sciences (anthropology, sociology), agriculture, environment, engineering, urban planning, natural resources management, private sector development, and other related fields; or Corporate support (Accounting, Communications, Human Resources Management, Information Technology, Treasury, and other corporate services).
The WB pays an hourly salary to all Interns and, where applicable, provides an allowance toward travel expenses up to USD 3,000 at the discretion of the manager. These travel expenses can only include transport expenses (airfare) to or from the duty station city. Interns are responsible for their own accommodations. Driven by business needs, most Intern positions are based in Washington, DC with a few others in the WB country offices. Usually, internship opportunities are for a minimum of four weeks.
The WB Internship is offered twice a year:
• Summer Internship (May–September): The application period is December 1–January 31 each year.
• Winter Internship (November–March): The application period is October 1-31 each year.
All applications must be submitted online and during the respective application period. (We do not accept applications by email.)
J1 visa holders need to obtain a G4 visa abroad prior to starting employment or unpaid internship at the WB.
Application Form: Take time to prepare your application and enter your personal information accurately. You will be asked to upload the following documents:
- Curriculum Vitae (CV)
- Statement of Interest
- Proof of Enrollment in a graduate degree
Application Checklist: the following application checklist is meant to facilitate your application experience.
• Ensure that you use either Google Chrome, Mozilla Firefox, Apple Safari, or Internet Explorer 10 or higher as your browser version.
• Please make sure that you are connected with a reasonable bandwidth of internet connection without any network/firewall restriction.
• You will be asked to register for an account and provide an email address. Ensure that you have correctly spelled out your email address, since this will be our main channel of communication with you regarding your candidacy.
• You must complete your application in a single session and you will only be able to submit it if you have uploaded all the required documents and answered all the questions (all questions marked with an asterisk-*- are required).
• Please complete the application within 90 minutes to avoid a system timeout.
• Remember to enter your complete phone number (country code + city code + number).
• Please do not enter any special characters (â-<>&#â, etc.) in any of the application fields. Try not to copy and paste any characters/text from Microsoft Word.
• Please upload the following documents (mandatory) before submitting your application:
- Curriculum Vitae (CV)
- Statement of Interest
- Proof of Enrollment in a graduate degree
Note: Each file should not exceed 5 MB and should be in one of the following formats: .doc, .docx, or .pdf
• Please make sure that the filenames of the documents that you are attaching do not contain any special characters, such as â-<>&#â, etc. PDF files are the best files to upload.
• Once you submit your application, you will not be able to make any further changes/updates.
• Upon submission of your application you will receive an email confirmation providing you with your application number.
All applications are stored in a database which is consulted by hiring Managers based on business needs. Please note that candidates will not hear from us unless they are shortlisted by a hiring Manager that is looking to hire an intern. Managers have access to the Internship database from February – July (Summer Internship) and from November – January (Winter Internship). We do not have a pre-identified number of positions for interns per season. For each season, hiring is solely based on business needs.
At Bank of America, the organization believes in supporting its employees in their personal lives and professional lives because they are the pillar of the business. If you are applying for employment at Bank of America, and you are considering what the employee benefits the organization offers, you are on the right page. Bank of America provides a wide range of benefits for their employees, while the organization provides much support their employees need. Besides its competitors, Bank of America is a great place to work because there is a work-life balance for every employee. Here, let’s know about Bank of America Employee Benefits.
Here are some categories of benefits offered by Bank of America to their employees to make them happy and productive.
Bank of America Employee Benefits
Health and insurance benefits
Not all employers of labor in the United States consider the importance of their employee health as Bank of America does. This is because Bank of America believes their employees are the pillar of the organization, and if any of the pillars fall, the business will suffer drag. The Bank of America provides its employees with comprehensive healthcare and insurance packages that cater to their health. More so, the health insurance extends to their families as well. They also provide the employee with health and lifestyle coaching sessions that, in a way, help to contribute to their lifestyle performance in the long run. Aside from the health care insurance, there is a provision for replacement income in case of life disability when their employee suffers a fatal injury or death.
Medical benefits plan
The medical benefits plan provided by Bank of America is easily accessible by the employees of the bank and their family members. The plan is designed to help the employee and their family save money if they battle any medical conditions. The medical fees are handled by the Bank of America while providing other securities and coverage for medical costs incurred, such as visiting the doctors or being admitted to the hospital. In addition, a medical plan covers drugs prescribed for the Bank of America employees, which is tailored towards maintaining a healthy lifestyle.
As an employee at Bank of America, you are also entitled to dental benefits paid for by the organization. Here is another perk offered by the bank where any cost you have incurred while seeking detailed medical health or other extractions or tooth repair processes. Preventive care and major tooth care are also paid for, and you can easily get reimbursed by the company.
Physical wellness Benefits
Aside from the medical and dental benefits that the employees enjoy, the Bank of America also offers its employees physical wellness benefits. The offers include an overall quality health insurance, the plan that the employees benefit from, and a way to get them active to perform duty daily. In addition, there are various programs and resources such as annual health screening exercises conducted by Bank of America on their employees. This is often a session designed to get the employees to access resources to help them manage their health better at no cost.
This is an important aspect of our life as human beings, and any displacement in the emotional wellness of an individual would lead to crises. This is why Bank of America has provided a benefit to cater to the health of their employees in their emotional lifestyle. There are times when there would be life challenges; Bank of America believes employees should get help when necessary. The employee’s assistance program provides free access 24/7 for all employees and family members who might need the same help. US employees working with Bank of America have access to industry-leading experts who can easily guide you through the emotional crisis you might find yourself in. Here is a list of how Bank of America supports you during significant times in your life the include;
Critical events, such as natural disasters,
Complex leaves of absence
Gender transition in the workplace
Transition related to military service
Working with a medical accommodation need in the workplace
Besides, if you are going through any grief, you would be entitled to a paid leave for up to 20 days as a full-time employee if you have lost any family members of yours. Suppose you are hosting a moment that matters in your life. In that case, you get access to a Life Event Services team from Bank of America who would provide you with personalized resources, connections, and other benefits you might require to go through the emotional stage you are in. Moments like retirements, burial for a loved one or impacted domestic unjust you might suffer, or anything related to emotional support is all catered for by Bank of America.
Here is another ultimate reason Bank of America is considered one of the best places to work: the various benefits available to its employees. Bank of America offers its US employees up to about 50 percent eligible pay to their 401 k retirement saving place, which only a few organizations measure up to. In addition, the contribution support provided by Bank of America matches the plus 2 percent or 3 percent in the annual contribution to the retirement saving plan.
More so, Bank of America US employees can speak with an experienced counselor on managing their finances. In addition, they can easily benefit from the Education and Planning Center of the company for free. Here they can easily learn how to prepare for their retirement days and help them set financial goals. Indeed the guidance is designed to help the employees manage their funds properly and create an effective saving plan for the later future.
Finally, employees of Bank of America are offered financial education and special access to expertise, products, and services on finance, which is extended to their family members as well.
Bank of America cares not only for your finances but also for your career transition and success. This is because the more successful you are in your career, the more productive you would be at Bank of America. The company helps you develop your skills and grow your career to a critical stage where you can easily sustain your talent and overall performance. In addition, there are various leadership-supported programs and learning development resources that are accessible to you for free.
Your performance is reviewed in line with your job description, and once a year conversation is achieved, you will be examined. The purpose of career mobility benefits is to help you achieve actionable goals and sharpen the skills required to achieve that great feat you desired. With consistent check up on your goals and support from the Bank of America through its career mobility benefits, in no time, you would achieve your goal and get to the desired stage. Here are some aspects that are focused on by Bank of America;
Skill development: Your skills are a potential asset to Bank of America, and they must be properly explored. If you are not using your skill properly, Bank of America brings a diverse learning style and directs you to achieve a personalized approach to skill development. The good thing is that you have access to continuing education, and the bank ensures their employees are at the top of their performance level so they can positively impact the organization with their skills and grow over time in their careers.
Professional growth: Bank of America offers another benefit to its employees: an opportunity to grow within the organization. No matter the career path you have chosen at Bank of America, there is always a way for the bank to support you professionally through resources and programs to help you explore the next stage of your career and prepare you for the new duties and roles you would be carrying out. In addition, Bank of America has leadership models outlined to help you throughout your journey in the organization and empower you to make the best decisions for your career progression.
Bank of America has stood tall among other employers through its various plans and benefits to its employees. From wellness to emotional support and medical insurance, and other benefits that have been mentioned in this piece. As a future employee at Bank of America, working in this organization would be an experience you would love to always associate with because you would immensely benefit from all the offerings of Bank of America. In short, almost all the benefits available to you as an employee of Bank of America are also accessible to your family members.
What discounts do the employees of Bank of America benefit from?
The employees of Bank of America enjoy different discounts, and those discounts include;
- Computers Member Pricing for all major brands.
- Eating In or Out. Up to 90% off at 18,000 locations.
- Personal Vacations. Air, Hotel & Car Rentals from Corporate Perks.
- Cell Phones
- Movie Tickets
Is Bank of America a good bank?
Bank of America is a good choice for many customers who want to access banking services. More they reward their customers frequently.