Summer Options - Prospective options

I know many of us on this board are still in college trying to land SA positions. Based off recent discussions about the decline in full time hiring rates, I am assuming SA candidates face a similar outlook. That said, how would you guys rank these prospective options, both career wise and in terms of full-time IB. And if it matters, I am coming from a non target. Disclaimer: this is if a reputable MM (Jefferies, harris, etc) isn't an option.

1. MM IB with little, maybe regional, reputation (ie. does anywhere between $1-50 million deals or advisory in that range...small firm, maybe 1-2 analysts. I'm sure you guys know the types of banks I'm talking about)

2. MM PE - similar dealflow and equity range as the above MM IB

3. Big 4 - TSA if possible, but maybe assurance/audit

4. Fortune 500 - encompasses everything...GE, tech companies (yahoo, google, etc.)

5. Hedge Fund - 1-2 billion fund size, not that well known...i guess could be considered regional? i'm not sure

I'm thinking about worst case scenarios. If for some reason I can't land a good SA banking gig, Fortune 500 or Big 4 may be better for an overall career or MBA. I am thinking that if you just took a small MM IB gig for the summer, don't land a BB/top MM IB full time offer, the boutique MM IB gig would not help much in getting a fortune 500 or big 4 job. Also, I heard if you don't have an offer from a big PE/HF, they

This is similar to those that are seniors about to graduate. There is no point in working at a boutique MM IB bank after graduation right? I assume there will be little to no exit opps, and you would have just been better getting a corporate job.

What does everyone think?