Many posts on AF discuss the massive competition out there for positions and how difficult it is to break in. Here is a stat for you: “The 10 biggest investment banks, including JPMorgan Chase & Co., Deutsche Bank AG and Citigroup Inc. have lost about 11,000 front-office staff globally in the past two years, analytics firm Coalition said in May.”
A lot of jobs have simply disappeared due to tight govt regs, massive cuts to protect the bottom line, and making the few coveted jobs very hard to get even among the experienced.