Brick wall?

Cliffs:

-Networked pretty well with an MD (ER) at a large MM bank (Jefferies/RBC/Blair) over the summer
-Follow up with him earlier in October, he offers to give my resume to their DOR for a SA position
-Hear back today
-MD sent it to the DOR who forwarded it to their recruiting staff
-Recruiter replied and said that I should stay in contact and apply next year since the program is recommended for juniors
-MD says he'll keep working on things from his end

I haven't replied to him yet, but I'm wondering if there's anything more I could do in this situation or if I should throw in the towel. I know its rare for banks to take sophomores for SA positions, but given my past experience I'm 100% confident I could add value as an intern.

Background:
-Non Target sophomore
-Previous experience include last summer with a lower tier MM in ER, and the winter/spring before at a large cap growth shop ($6B AUM)

Any advice or am I preaching to the choir?

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