Most companies look for candidates who already have relevant work experience, especially in a down market. If you have not already been recruited through your college's campus recruitment program, then getting into a company without any work experience can be difficult. You need work experience to get a job and you need a job to gain relevant experience - another typical catch-22 situation. However there is a way to break this mutual dependency - Internship.
Many professional courses earmark a part of the final year of study for gaining work experience - the idea being that when you are out of college, you will come out with at least some real work experience in a professional environment. What you need to do is to find a company that will take you in as an intern. Once you get it, not only do you gain valuable experience, if you perform well, the internship can even transform into an employment opportunity as soon as you successfully complete your degree.
For students studying in tier 2 colleges, getting internship opportunities are still quite difficult. One of the steps you can take to improve your chances of getting an internship is to register on http://www.jobsbyref.com, enter the degree you are currently pursuing and specifying your requirement for an internship. That way, companies searching for interns will be able to find you and reach out to you.