A lot of negative responses here but my own experiences having graduated with an EE degree from an average university (in the UK) 3 years ago has been pretty good so far. I was able to get 3 internships at 3 different semiconductor companies throughout the course of my degree and got a job at another semiconductor company immediately after graduating doing digital chip design so I don't think the job market, at least in my niche, can be quite that bad. The pay is pretty good, well above average for a recent graduate in the low cost of living city I'm based in and a bit higher than my software engineering friends in the same city. Still considering maybe doing a masters in computer science to expand my career options though