It is assumed in the current policy environment that higher education should lead to graduate employability, although understandings of employability are generally limited. In this paper, we discuss issues relating to graduate employability with reference to a case study of an information technology (IT) student progressing to a graduate role in the IT industry. Our analysis uses Bourdieu's "thinking tools", habitus, field and capital, to discuss the importance to graduate employability of individual positions and dispositions, workplace culture and organisation, and the social contacts developed as part of undergraduate life. We argue that employability needs to be understood in relational terms. In particular, the value of skills and knowledge depends on the work and workplace to which a graduate progresses. Similarly, employable graduates need a "feel for the game". (Contains 1 note.)