What to Do?

Seriously, how are new graduates supposed to find jobs when they all require 2 to 5+ years of experience and a M.Arch?! What about those inbetween years? I want to work and live in Chicago after this semester/summer, but how?! Basically, I have to have a killer portfolio. My next sketches are most likely going to be working out concepts, designs, and frustrations. Wish me luck!