Is it hard to get a BO job right now?
Assuming one wanted to get a job doing something along the lines of trade settlement (not for the purpose of trying to move to the FO, just because they thought it was an intrinsically desirable position), are such jobs becoming increasingly scarce as trading jobs themselves are being cut and trading volumes decline? Even if the number of BO jobs is remaining stable, is it likely that recently laid off traders are flooding into these jobs in the hopes of networking their way back to the FO? Oh, and one more question (because I'm a noob), are entry level BO jobs only available at banks, or do hedge funds also hire entry level BO employees?
Any insight on this from the people in the trenches would be greatly appreciated.