I'm in the same boat as you are. In MS, you have 5 years; however, I live in AR, so I need to check the time limit for licensure (MS candidate - moved to AR a year ago). As Allyson said, it varies by state. I've been applying for jobs consistently (before, during and now after my CPA exam journey), but so many employers want you to have prior experience. I ask, "HOW CAN I GET EXPERIENCE IF NO ONE WILL HIRE ME???" Ugh, it's so frustrating! Good luck with your job search!
AUD - 74 2/24/11 Retake 7/31/11 - 83
BEC - 66 10/2/10 Retake 5/27/11 - 71 Retake 8/29/11 75
FAR - 72 8/28/10 Retake 11/11/10 - 77
REG - 81 4/30/11 CAN'T BELIEVE IT: I'M DONE!!!!!