Summer Associate BB

Greetings!

I've heard about lots of opportunities for summer analysts in BB who can follow numerous routes after the internship. Given that FT offer is still heavily dependent on luck, can you shed a light on the options for summer associates who have 4-5 years of experience outside of "hosting" bank? What is the market's sentiment of those? How is it easy to break into Tier 2/3 banks, PEs or even MBBs afterwards?

About myself: finance background, going for summer associate internship in at Tier 1 bank in London (therefore would highly appreciate your views on the EU market), in the middle of the European MBA program.

Thanks!
Junior monkey.