Too late to apply to an FLDP program? Graduated summer 2013 and had 1 year experience in investment manageent

It's fine to apply. I would say that discovery of the recruitment timeline for each program is important, however. Some networking would be helpful, and so would getting in touch with HR at places you wish to apply. Where I was, at least, 2/3 of the analysts were interns, and those that weren't were still fresh out of college. It's probably not impossible but more difficult than it would be in different circumstances.

I'm interested in corp strat/dev related positions. Should I just apply straight for vacancies that are available or shoot for rotationals?

In the program I did, it was very rare for them to take anyone who wasn't straight out of undergrad - I've only seen it a handful of times in my 6 years at the company, but all programs are different.

Almost every program I've seen looks for less than 1 year of experience post-college (usually the first job after school). There are post-MBA programs, though. Like @"MJK" said, doesn't hurt to apply.

green_monkey- Go ahead and apply for both, unless it's at the same company. If it's at the same company, if you meet the requirements apply for dev/strat. If you don't, I'd apply for the rotational. I also wouldn't apply to any job that requires experience in IB or consulting unless you have that experience.