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The jobs/gigs once you graduate is very competitive. With 3-4 school graduating 100-200 students every few months. There really isn't enough jobs to go around. It really depends on what you want to do. If you want to be a recording engineer at a big studio, you'll be interning (for free) doing the bitch work (that's IF you get the intern position too). Same with all the other record labels like Universal and Sony, don't expect to make money for a while. The music industry is an industry a lot of people want to be in and are willing to do anything to get in.
There's jobs in Post Audio, which is doing music, sound FX, score, etc. for TV shows and movies but it's competitive too. You have to be really good and have experience.
So basically you have to have the mentality that you won't be making tons of money but you'll be doing something you love. And at the school you get what you put into it. If you're just gonna be there and do the work and not connect/network then it's kind of pointless.
Freelancing is where the money is in Post Audio, if you're good then people will hire you. But you have to keep selling yourself to potential employment, it's on and off but if you're good then you're making decent money and get a lot of time off. One of my teachers is a freelance sound editor and he's making 3,000 a week and he works half the year.
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