"IT Analyst"

In the TartanTrak (MonsterTrak's CMU version), I saw a job title called "IT Analyst" by Citigroup. Most of my friends who came from India to US for their Masters without any work-ex were getting this job and hence, when I saw them in the TartanTrak, I was wondering if these are for Graduate level.

However, I read the following description and I was shocked:
The IT Analyst program is an initiative to hire full-time undergraduates specializing in Computer Science, Management Information Systems, and Computer Engineering to work on technology initiatives that support the Corporate and Investment Banking (CIB) businesses. During the program, IT analysts can capitalize on their programming, engineering and problem-solving abilities in a state-of-the-art technological environment. The 2-year program is designed to enhance the skills and performance of staff members recruited from college campuses. The program includes a training curriculum that focuses on the development of personal skills and business knowledge. The training enhances the performance of the analysts in their day-to-day business assignments and encourages participants to understand and support the strategic direction of the firm.

Shocked that....these ppl accepted an analyst position..well, but as students of Indian origin and without any US experience or without any experience at all, they barely have any bargaining power.