Hello Saurav,

 IT is for Information Technology and we define it as it is the use of computers and software to manage the information. Computers play the important role in information technology.

IT is often used to describe computers and computer networks and which includes applications, databases, storage, servers and more with information technology we can have access to Latest news, Speaking with People real time, Video Chatting, e-learning, eCommerce and Social networking.

Regarding the Placement you can find the following types of jobs in IT field Majorly:

• Technical Support. 
• Programmers
• Web Developers
• Computer Systems Analyst
• IT Security
• Network Engineer.  

Others jobs are also there which come under these major categories.

In today's advanced world IT jobs is preferred by most of the graduates as we can get jobs easily and also its prerequistics are to know about the programming languages which we will be able to learn with ease as compared to other sectors.Also the work load and salaries varies with countries and the designation.Some companies hire students based on universities and your academic performance.

My advice is that maintain a decent academic record and develope yourself in the field you are interested uin the IT field.

All the Best!!! 

Hey Saurav, IT stands for Information Technology , and you have plenty of options and scope like  IT consultant,Cloud architect,Computer forensic investigator,Health IT specialist,Mobile application developer,Web developer,Software engineer,Information technology vendor manager ,Geospatial professionals,Data Modeler and the placement is good and varies with countries, job profile and the university you belong to and your academic performance as well, good luck