Need some help

Could use some help since I'm feeling slightly lost:

-Graduated this June, semi target uni, 2.1, UK.

-About to finish a summer internship at Non-BB in Corporate Banking (CIB) but have just been told that they won't be extending me full time offer in the team because of some headcount issues. I was kind of hoping to convert this full time but have no idea what to do now. Do I apply for FT/OCs? What are my chances like? I can alternatively do a non-target Masters (this is all I can afford atm) and try to get into another internship this way. People I have asked said it's better to work for a year than do the non-target MSc- if anyone has any advice, it's greatly appreciated.

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