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We had some my year not do banking recruiting then still get IB jobs (at small boutiques and not in NYC) would focus on IB internships way harder to get FT with out and then can switch banks FT if wanted
It’s still possible to line up an internship—you’ll just be shifting from OCR to searching for the opportunities on your own. I don’t know that I’ve seen many people get a FT offer in IB without having done an internship. A lot of people in my class were able to re-recruit into consulting without having a summer but this was also during a very different hiring market. I assume the same occurred for IB but I don’t know of any cases myself.