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Good writing is underrated and good writers are hard to find. Don't underestimate that BA in English just yet! In the technical fields, it's really difficult to find someone who can write clearly.
While I majored in Architecture, and went to get an MS in Historic Preservation, and I happen to be an architect who specializes in historic restoration, it's not "what I went to school for." Part of college, at least at the liberal arts level, is about having a well-rounded education. I didn't take just architecture classes--I took history, poli sci, urban affairs, and Italian classes. It's the education I have that allows me to be able to talk to most people about anything. If I needed to, I have an educational and (now) professional background to go into many different things.
In my group of friends (late 20s to mid 30s) it's a real mix. I'd say about half are using their undergrad degree every day. Of the other half, they're doing what they went to grad school for, and there are maybe 25% of us who had such vague degrees that anything they do could apply. Granted, we're still relatively young and weren't hit that hard by the recession--so YMMV.
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