gehenna: I think it's sad that in NZ the best option for a graduate with an impressive qualification like BSc Info Systems is to get a helpdesk or desktop support job and work their way up.
It's the same for most graduates in other industries too though - eg. grad accountants can't just walk in to a firm & become a partner. They have to slog through low level jobs first.
Medical grads have years of horrible long hours & shift work etc. so I don't think IT grads have it any worse.