"There are a number of IT projects picking up across the country that will create more jobs. The Commonwealth Bank is already hiring, as is NAB. Westpac have a giant integration project with St George, and ANZ will likely upgrade its systems.

"While every part of corporations are under review for cost-cutting, so IT will experience cut-backs and current reports prove that. However IT is a tool used to drive more value and automate manual tasks, so it won't be the focus of razor gangs."

Acheson said networking jobs will be created as banks roll out networks to improve billing systems, adding the (NBN) may create more jobs later this year.

Should you ask for a pay rise

State by state IT pay packets credit Robert Walters