it all depends on how good you are... Are you the top few students in the class or just another guy who like making fancy renderings and knows how to use every software released.

You can always go work in Hollywood and create digital sets

Job search is hard but it is possible, see post linked below

http://archinect.com/forum/thread/63406325/i-got-a-job-how-did-that-happen

What you can do with the M arch education?

Construction management

Project management representing a client think institutions like universities housing authorities

Most towns and cities have community development or permitting departments 

Architecture has many transferable skills such as problem solving, graphic design, and organization systems such as HVAC, plumbing or space requirements user needs this is called programming and there are firms that specialize in just this.

Architecture is not an assembly line type of process each building has a new site and new issues to deal with, flexibility is key and you have to be an expert generalist in all fields.

Good Luck

Peter N

BBrueg,

Some one once told me that if you present yourself well, others will give you a chance to shine. Instead of present ourselves as some one with a M. Arch degree, we can talk about what projects we lead, what bugdets(if any)we worked with, how many people you were in charge of(if any) what was our key role(s) were you a liasion between clients and your team? A person with a M. Arch can sell it.

Hope that helps