It's ok as long as you have what it takes to excel in any job you "could" land on. Just because you're an undergrad doesn't really mean that you're worthless. If you wanna be employed, then prove to the company that you are worth what they pay for. Sell yourself to them and for sure, you're hired in no time.
I became an employee once and outsmarted the other applicants who were graduates from prestigious schools in the country. I was the only undergrad who made it into the company. So it's actually your wits and your confidence in yourself that would help you bag that job. It doesn't apply to all jobs but it's true in some cases like mine.