No Return offer S&T

Can somebody be brutally honest? How bad is it that I did not get a return offer for a MM firm, and will I be fucked for my senior year? I had a great experience, but the teams I went after were pretty full, and now I don't know what I can do to get back on my feet and start the uphill battle. Can you give me any advice if you have any? What do I say about not getting a return offer? Especially when speaking with alumni. 

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