Offer from a group at a BB with no deal flow (London) - what do I do?

I finish my studies at the end of the year and have an offer for January 2021 from a group at a lower BB that has almost non-existent deal flow (no closed M&A deal in a 1+ year). This is likely to continue.

My first preference would be to apply for FT roles - however, reading comments from other threads, spots are extremely limited / non-existent.

Therefore, if I want to switch banks, the only option seems to be another off-cycle internship in 2021. Is it worth giving up a BB offer if I secure another off-cycle internship in this economic climate? Or should I ride it out and transfer teams / lateral after a while?

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