Edited

it's not the end if you don't get a full-time offer. I'm pretty sure you can use all your experience to break in through networking Don't stress it. From the looks of it, you friend is right...it's not in your hands. I know a few people who got full time offers in the fall after not getting offers from their SA positions. Keep working at it. Things will fall into place.

The few people I know who didn't get offers still landed jobs, and those jobs were hardly (if at all) a step down from their summer gig. Also, I think you could be straight up honest in your interviews and tell them exactly what the outgoing analyst told you- that you were screwed from the beginning, but still worked twice as hard as the other summers.

bump

I don't think you should tell your interviewers about what the analysts at your current bank told you. That just sounds dumb and seems like you're putting the blame on the company instead of you. (even if it is the company's fault) But it seems like you have some good experience so why not leverage it for a full time position in asia?

Office/Team is in the process of restructuring and there is no headcount.