Graduate scheme consulting Investment Banking

Was recently approached by a recruiter for a graduate scheme IB consulting position. I’m a recent grad, two finance internships, military service. Have been trying to break into banking/research for a few months now. Had anyone had experience with these roles? I know the pay is terrible and usually on contract for like a year. Had anyone got hired by the client as a full time banker? Used the experience to land a banking role else where? Or is it a waste of time.

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