I'm beginning to wonder if i have done the right thing doing a masters. I dont know this for myself yet, but going by somebody elses experience who is in the same boat as me, I'm thinking this maybe the case.

Me and a friend, both got thirds for our undergraduate degrees, yet we are both heading quite confortably to getting a distinction in our masters. My friend is applying left right and centre for jobs at the mo and all she is getting is knock backs with the explanation "we dont accept people with less than 2:1"

Ive yet to find this out myself, but if it is really the case i'm going to feel quite hacked off for doing a load of work for nothing.

Im in a similar position. I got a 2:2 a couple of years ago and didnt have any luck getting a job, so I did a masters which I should finish in a few weeks. I havent had any job offers yet but i havent tried too hard really. I went to a careers fair last week and spoke to some recruiters from big firms, most of them said they would accept poor degree marks with a good masters ie you'd pass the basic requirements. The thing they emphasized the most though was experience, get a job in a relevant field just to put on your cv and it can make all the difference.
If not, you could always carry on studying