I feel so frustrated..where is my life going?

I completed my mba in hr and marketing this year. i applied in many co's for job but got no reply from anywhere.i am average student , always got 1st division but i have weak communication skills and i have poor english .I don't know where is my life going.i completed my studies but i have no job now. my aunt says me to study for IAS but that's too tuff, my cousin says me to do PhD but i find no scope of PhD in management accept a professor. I don't know now what to do.I want to do something useful so that my parents feel proud of me. I have interest in dance and sometimes i think i should spend my free time in learning it but till when will it work. everyday i fell frustrated and fell that i have wasted my parents money..any suggestions?