The scope of career options in Information Technology is very wide. Students can pursue their career in many fields related to Information Technology.

Some of Favorite options in IT, these days are:

1) Bio-Technology: This field is in the initial stage and will be hot favorite for technology students in the coming time. Right now only few students are opting for this field because lack of knowledge about it. But in reality, this field will be next big thing in the technology area. Already many big chip manufacturing companies are doing lot of research and development for finding new options for developing new chips with the help of Bio-technology. The future of semiconductor industry lies in Bio-Tech. Even the defence sector is also influenced by it. The medical science is looking out for new possibilities with the help of bio-technology.
I think Bio-tech is IN, in coming times.

2) Software Programming
The students may choose any platform in programming field such as C, C++, Java, .net, Asp, Perl, Python, Web Designing (HTML, XML, XHTML, Flash) and of course Game designing.

3) Networking:
These days networking is hottest field in my opinion. Networking is very wide field covering various aspects like Telecom, Servers, Routers and Telecom sector.
Telecom sector is further divided in fixed wire, CDMA and GSM networking.
All of these field are very popular and growing very fast.