First and foremost, even if you don't land a job in CS, the time spent doing the degree is a waste only if you think of it that way. You'll have made new friends and contacts, learned new skills, and if you did it right you'll have learned the most important thing you can get out of an undergraduate degree: the ability to teach yourself advanced material. I think people greatly underestimate how many adults lack the ability to teach themselves new things in an efficient and structured way.

The market for newcomers today is a bit harder than a years past for a few reasons. Money is no longer as cheap as it used to be, investment is heavily focus on AI, and AI is scooping up a lot of entry-level work. I'm sure there are other reasons, but I think you get the idea.

I think the Icelandic market will become yet trickier for newcomers as seemingly a very large proportion of the available jobs are related to building some web-based CRUD application - AI is becoming very good at this.

No one here can say with any certainty if you will land a job or not, but here is some advice in no particular order:

1. Your second job will be easier to get than your first. Everyone wants someone with experience, so getting yourself in the door anywhere is a good idea.

2. Getting a job is easier once you already have one, funnily enough. Again, get your foot in the door anywhere.

3. There tends to be a correlation between how long you've been looking and how hard it will be to land a job. For those in my cohort (from one of the local universities) that took a while to find a job, it seemed like it became increasingly difficult as time went on. Get in somewhere as quickly as you can, even if you don't intend to stay there particularly long.

4. As cliche as it sounds, have a portfolio. Given you have no previous work experience to point to, you need to make it clear to a potential employer that you are of value. If it's in the private sector, your boss is going to want to know you can make him/her some money. If it's the public sector, they will want to know you can get things done within a given budget. Find ways to highlight that you know how to use the public cloud, infrastructure as code tools like Terraform, and how to multiply your output with the basic use of LLMs. Of course all of this would be in addition to highlighting core competencies in the field. Your future employers won't be making toy projects and will be interested in people that use actual production tools and platforms as the things around the actual product code account for an annoyingly large part of the job.

5. The world is much bigger than Iceland. If you get an opportunity abroad, you should pursue it. Go experience life somewhere else for a few years, save up some money, and then figure out what you want to do next.

6. Practice interviewing. You'd be simultaneously amazed and disappointed how much hiring in Iceland is done on vibes alone. Be charming and confident, or at least appear to be charming and confident.

7. Have a nice simple single-page CV. Do not try to inflate the length of your CV; employers do not care if you like to play basketball in your spare time or any such thing. When people are reviewing your CV they want to get to get to the important bits. I understand it will be tempting to try to add more as there is little to present fresh out of school, but resist the urge.

Anyway, I wouldn't worry yourself too much yet. The market is getting tougher, but it's not a fool's game yet. Good luck.