1 year analyst exp from MM in HK - options now? - Already graduated

I already graduated and worked at an international MM in HK for the past year as a fixed term analyst, and I left because they continually turned me down for FT (and just kept extending my contract) - any thoughts on what is a realistic target for me going forward in terms of:

1. BB / MM / boutique
2. how recruiters would look at my app
3. should i app for 1st year analyst positions and/or experienced hire
4. should i just go back get a 1 year masters and re-do the recruitment process

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