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Yeah, most tier 1 and 2 firms these days only hire or offer internships if you have contacts, direct application do not work at all, and RCC only shortlists for top 10 Ranks, that too in Tier 1 NLUs.
This is untrue, can attest from personal experience. Put an effort into your cover letter and send cold emails. It just needs to work once. It did for me and changed my life.
Kudos! And it doesn't sound like bullshit at all: if you immerse yourself so deeply in a subject, any subject (not just job applications), you are likely to get something out of it.