Need some insight on FT hiring

Hi all,

I'm a bit confused on full time hiring for IB. I'm currently still a junior in school working as a summer intern at a boutique. I have some potential spots lined up for Fall 2019 and Spring of 2020. I'm currently recruiting for a summer 2020 position as well.

My question is what if all the places intern at doesn't offer me a full time position? And I graduate Dec 2020 and don't have a job? Is FT analyst hiring the same as summer recruiting where I would have to wait till next summer for a spot? Let's say I see an Analyst position online at Baird and I do my networking for an interview and land the job. Would I have to wait till Summer 2021 to start?

Sorry for the dumb question, but it got me fucked up.

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