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You can try to apply to full-time programs, but in the UK, these opportunities are minimal. Most BBs hire from their summer interns, and if they do hire outside this pipeline it's for lateral analysts with experience. You are better off signing your offer at the MM if you like the group, and then trying to lateral after a year or 2. It's not 'common' that they will talk to your firm, but don't underestimate the possibility of an interviewer knowing someone at your MM and speaking to them. You won't have your offer rescinded though; they aren't loyal to you, and they don't expect you to be loyal to them.
The only exception is BB's rule on PE, but that's because it's a conflict of interest.
I think OP’s question was more aimed at if there’s a chance they would lose their offer if the MM finds out they are still recruiting FT despite signing the offer and whether if during the recruitment process there is any risk of this happening
I answered that
Yes, it is fine. A few EBs in particular hire for grad programmes
Source: work at one
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