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Based on the insights from Wall Street Oasis, here’s a strategic approach you can take as a sophomore at a non-target school struggling to secure an internship:

  1. Expand Your Networking Efforts: Networking is crucial, especially coming from a non-target school. Utilize platforms like LinkedIn to connect with industry professionals. Engage in conversations, ask for informational interviews, and attend any relevant industry events. Remember, persistence is key.

  2. Consider Smaller Firms and Local Opportunities: While big names are attractive, smaller firms and local opportunities can provide valuable experience too. These positions are often less competitive but can offer substantial learning opportunities and a stepping stone to larger firms in the future.

  3. Leverage Any Job to Gain Relevant Skills: If you can't find an internship specifically in your desired field, look for any job where you can develop transferable skills. This could be in areas like analysis, customer service, or even sales. These skills are valuable and can be highlighted in future applications.

  4. Keep an Eye on Future Opportunities: Start preparing for next year's internship applications early. Some firms, especially the larger ones, begin their recruitment processes well in advance. Being prepared can give you a significant advantage.

  5. Utilize School Resources: Don’t overlook the resources your school offers. Career services can provide guidance, resume reviews, and potentially connect you with alumni or local employers interested in hiring students from your school.

  6. Stay Informed and Prepared: Keep learning about the industry you're interested in. This can involve reading industry publications, following market trends, and understanding the major players and their roles. This knowledge can impress during networking or interviews.

Remember, every experience is valuable, and the skills you develop now can significantly impact your future opportunities. Keep pushing forward, and don't get discouraged by setbacks.

Sources: https://www.wallstreetoasis.com/forum/job-search/advice-for-sophomore-summer-internships?customgpt=1, Can we get a list going of sophomore summer 2019 programs/internships? (Confused), Non-Target Recruiting Guide Part I: Resume and Networking, No IB offers for the summer...what now?, Sophomore Summer Internship..too late?

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