Opinion on Masters of Engineering Management or pursuing a job?

I’m an aerospace engineering senior graduating in May, and unfortunately I still don’t have a job offer. At this point, it honestly doesn’t look very likely either. I also know part of the problem is that I didn’t apply enough, probably only around 20 to 30 applications total.

Right now I feel like I have two options:

1.Do an MEM degree

I got a full scholarship for Master of Engineering Management and I can do it in the following unis: Duke, JHU, and possibly UT Austin and Rice. They would also give me about $2k a month, and during that time I could keep applying for jobs.

My concern: once in I can't quit, so it might be difficult or impossible to get and offer unless I apply at the end of the program which could just look like I’m delaying unemployment rather than actually solving the problem.

2.Keep applying and hope I land something

The other option is to just keep applying for jobs now and hope something works out.

My concern here is that I might still not get a job, and then I’ll have spent a whole year doing nothing when I could have been using that time to get the MEM.

I guess I’m trying to figure out which option makes more sense long term. Has anyone been in a similar situation?

Author: Unhappy-Age800