previously i wrote this answer; and this response is good too. this is an addendum to those.
i feel so strongly about literature as a discipline. i love it so much, i loved my undergraduate years, i am so glad i chose it i am a better smarter wiser happier person because i studied it. those analytical skills, and the ability to express yourself fluently & persuasively in speech and writing, are invaluable; but i wasn’t thinking about careers when i chose it.
this website (uk-centric) lists possible career options for literature students; this website breaks down destinations of graduates in disciplines across the humanities. 1 in 5 literature students goes on to postgraduate study, which is much higher than other disciplines—this has led to an excess of PhD students; the state of postgraduate studies is another question (& not a happy one).
to an extent, the answer to the question what can i do with a literature degree? depends on where you go and how well you do. i hate it, i wish to god it didn’t matter. (i went to oxford, and those words on my cv open doors that would otherwise be shut. when i’m offered things it’s often got little to do with my subject and a lot to do with my university because that bias is still rampant.) the arts & humanities are in a bad way, and there are many literature graduates chasing work in industries that’ve been wrung out by the internet—journalism & publishing, the most obvious. there’s fierce competition, fewer opportunities. in the uk, one in five literature students goes on to work in retail or catering. there’s nothing wrong with that—but you don’t need a literature degree to do it. i know a lot of frustrated graduates of literature, and the humanities more generally, who can’t get the work they’d like, and are vastly overqualified for the jobs they have. i know a lot of really bright kids with good degrees struggling to pay rent. despite what we’ve been led to believe a degree isn’t a guarantee of anything, is what i’m trying to say.
so my answer is still—if it’s within your means, do what you love. don’t let the bastards grind you down before you’ve even begun. if you love literature, if you’ve found a course which makes you feel warm things in your spine, do it. there are very few degrees with a clear career trajectory. most of us are making this shit up as we go along, and that’s okay.