SA converted to full time IN THE SAME YEAR?

I am curious as to whether it is possible to convert SA to full time in the same year. For example: doing an SA in 2021 saying that it is the third year on a 3 year course but continuing to master degree. After finishing the internship, ask to start in the same year. The reason why I think that would make sense is because it is quicker. What’s the point of doing a master degree if I’m just going to end up in IB anyway?

But I haven’t heard of anyone doing this and it would be strange as FT analysts usually start when SAs start.

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