(UK) Off-Cycle Internship or Graduate Scheme?

I'm looking for some advice on what the best course of action would be for someone in my situation. I am currently studying a Masters in Management and Finance at a semi-target university, and whilst I believe to have decent extra-curricular stuff on my cv I lack any relevant work experience. I'm wondering then if there's any point at all in applying at graduate schemes given my lack of relevant experience, and whether I should opt for off cycle internships instead? I'm however slightly worried about the starting date of those.

Any input much appreciated.

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