How much does a first year internship matter?

I just finished my first year and have been looking for an internship since early march, because I joined some finance clubs late I and wanted them on my resume. There's not much open now and I have applied to around 60 jobs, while also reaching out to a few people from half of those firms asking for a chat and got two in total. Also two interviews but both denied.

How much does a first year internship help in landing a good second year one?

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My formatting is so bad in this post, but for further context.. I have been reaching out to both recruiters and regular employees. Recruiters I reach out via linkedin and email.

 

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