I am a fresh grad from School of Computing this year...
Most IT jobs now as advertised req ppl to have some sort of experience eg. went through how many development cycles or years in related field etc...
But there are still many coys who are still willing to groom fresh grads or newbies as well....
My recommendation would be try getting an IT cert in a field you think you excel or like most eg. DB, Web Dev or SW Dev etc... It does help in getting you interviews, of course the second part depends on you "ling chang biao xian" already... It is kinda of ex and usually mid to big size coys would send their staffs for free certification....
4 out of 10 of my friends landed up in non IT related jobs... and I do forsee 3-4 out of the remaining 6 would move away from IT field sooner or later... IT professionals (unless employed by BIG firms) are really over work and underpaid jobs... I been at Accenture for a month and it is like "do cow do horse" man... heehee... but none the less still got ppl like this type of jobs...
IT consultant are pretty different... this are the guys that usually sells the products to companies... and getting req. from them which are eventually passed down to programmers to be customised.... Less shitty job and paid much higher... hee...
i hoped i helped in contributing..