Long story short .. nope.
Long story long .. In the 2nd meeting, we talked for about 2 hours on my career goals, and how I can get there. They are leaving the position empty, and seeing what I can do re: development in my current role over the next couple months. I've got the technical skills to be an analyst, they are worried I don't have the ability to effectively apply them to the market. I've only been in the industry for 10 months, so I can see their point .. still disappointing. Guess I gotta bust my ass for a few months and see what happens.
Honestly, sounds like a bullshit response from them. Hopefully it works out, but I've seen and heard to many stories that begin similarly, and they do not often pan out with the person getting the position. I don't see how any employer can expect someone to go from 'don't have the ability to effectively apply them to the market' to what they are after within a few months, especially if you already have 10 months of prior experience (6 months is usually enough to understand a role, 4 more would mean you should have it mastered). Obviously depending on where and what you are working on, which I know little of...
Anyway, best of luck.