To add on, it's probably more realistic to aim for middle office functions from compliance first. Everyone in the local unis' finance courses pretty much aims for a front office role. That gives us a number of probably 500-600 people every year even without considering those coming from UK or US unis.

Being 1 of the local uni students, I can say that students aiming for front office roles would probably have 3-5 finance internships (mixture of PT and FT roles) by the time they graduate and the number of internships seems to be rising with every new uni batch. In total, these people would have approximately 1 year of front office experience by the time they graduate.

Put yourself in the shoes of the hirer, would you hire someone who has compliance experience but with 0 front office experience or someone with front office experience?