As far as I know, you have to have networked extensively with a lot of people at Qatalyst to be in their mind when a summer analyst that got an offer didn't decide to take it or if they decide they need to hire 1-2 more analysts because of increased business.

EDIT: I have heard this through the grapevine but I have not had personal experience with this. Wait for others who may have had personal experience to answer your question more thoroughly.

 
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