MBB summer intern 2023 two different deadlines & networking - what really matters?

I've attended a bunch of information sessions for MBB and recruiters say that is there really is no advantage to applying earlier. Is the only difference that there will be less spots in the 2nd deadline because some offers are made for 1st deadline applicants, and more people generally apply in the 2nd deadline making it naturally more competitive?

Also for networking I haven't had luck in networking. Consultants like me but not enough to refer me, should I wait to apply to 2nd deadline by networking first? Or just case prep?

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