I'm an architect.
Graduated from Mississippi State in 2002. I'll try to dispel a few myths and tell you what to expect.
First, you definitely will live, eat, breathe and sleep architecture. It is the most time-consuming thing I've ever done in my life. You will be at theStudio every day working on projects. Get ready to pull all-nighters on a somewhat frequent basis.
It can be very rewarding, though. Who else can have their work last longer than they will? Also, most architects aren't in it for the money... the ideathat architects get paid a lot is a myth. You will start out making less than other people your age in stuff like finance, medicine, etc. The possibility isthere to make lots of money, but that's not the norm.
Finally, the process to become a licensed architect also takes quite a bit of work. Most Architecture programs are 5 year programs, after which you willgraduate with a Bachelors of Architecture degree. If you receive this, there really is no need to get a Masters unless you plan to teach. Other programs are a"4+2" system, meaning after 4 years you get a degree like Bachelor of Arts in Architecture, but then after two more years you get your Masters.Again, the 5 year programs are more common. Once you graduate with your degree, you will enroll in IDP (Intern Development Program). When I graduated, I had tocomplete 3 years of this program before I could even sit for my tests. Now, the rule has changed such that you can sit for your test just 6 months aftergraduation. You still have to complete IDP eventually, just not before you take the test. The test itself is 7 different parts taken at different times (was 9parts when I took it). Honestly, it can take over a year to pass the whole thing. And it costs about $1,000. Hopefully the firm you work for will pay for it.
As for the job market... I can't lie, it's tough right now. We've laid off a few people in my department. But things seem to be picking up.We've kind of changed the way we go after projects now.
Let me know if I can be of any more help.