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Hi everyone, I'm a penultimate year student who is currently receiving the decisions for my vacation scheme applications and so far all I've gotten is a few rejections. I did get to the second application stage for one firm (video interview), but they then rejected me too

I still have a number of firms yet to reply, but it did get me thinking about what happens if they reject me too. I know that in third year I can apply for direct TCs - is this more or less competitive than applying for vac schemes? As well as this, if I do vac schemes that year too and manage to convert one of them to a TC, will the firm still fund my SQE training which would start in the same year as the vac scheme? Or would it be too late as I'd get the TC offer too close to when the SQE starts?

Thanks in advance for any replies!