You will definitely need some more time before you can start applying. Sorry to bust your bubble, but instructing is an awesome way to build knowledge and time. If you can't put your heart into instructing, what makes you think you can put your heart into other flying jobs. That makes you sound as if your not a people person, and the airlines don't want people like that. All those degrees are not going to help you get a job any sooner I'm sorry to say. You should not be flying passengers yet. You need to build experience and time. And pay no attention to the previous post, Mesaba is a good company.