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Graduated May of 2008 - Sent out 10s of resumes - Two interviews (not a great GPA) - got offers at both - took the slightly lower pay one because it had a better job description and was in a more convenient location. It has worked out very well for me.

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Might be a bit off topic, but when did you start applying/sending those resumes?

Knew I would be graduating in May of '08, so I started sending them out around Jan-Feb of '08 (4-5 months ahead). I got interviews in Feb-March and had my job offers by the end of March.

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