Gentlemen Are Born (1934)

"Just out of college and just out of luck...yet they'll found a family on nerve...build a home on bravery...battle the world with a diploma...and defy the world on $18-a-week!"

A well-cloistered and protected-against-reality group of college students get their diplomas in the heart of the Great Depression, and quickly learn that the piece of paper the diploma is written on is worth about eighteen-dollars-a-week in the job-market...for the lucky ones. Some of them fare even worse.