I guess this is the information we have all been looking for
I found this on;
http://www.ukcisa.org.uk/student/info_s ... p#tier_two
Post-study work exemption from the resident labour market test
Post-study workers
If you have or were most recently granted immigration permission under Tier 1 (Post-Study Work), or as a participant in the International Graduates Scheme or the Fresh Talent: Working in Scotland Scheme, your employer is not required to carry out the resident labour market test. However, the job must meet the skills level and the minimum wage level and you must meet the English language requirement and the maintenance requirement.
You qualify for the lower new entrant wage and you can apply in the UK.
Students
You are also exempt from the resident labour market test, qualify for the new entrant wage and you can apply in the UK if you meet all of the following requirements:
you have or were most recently granted student immigration permission (this includes Tier 4 leave and student, Student Union sabbatical officer and postgraduate doctor or dentist leave under the Rules that preceded Tier 4)
you have completed at least 12 months of study in the UK towards a UK PhD, or you have completed and passed a UK recognised Bachelor's or Master's degree or a UK Postgraduate Certificate in Education (PGCE) or Professional Graduate Diploma of Education (PGDE) – if you do not have your certificate, you can submit other evidence (academic transcript or reference) that must meet the requirements in the Tier 2 Policy Guidance
you studied this course at a UK recognised or listed body or at an institution that holds a Tier 4 sponsor licence (and that is still on the register of Tier 4 sponsors on the date on which you obtain your qualification)
you studied this course during your most recent period of immigration permission (leave) or during a period of continuous leave that includes this most most recent period of leave
you carried out your study or research for this course when you had immigration permission that did not prevent you from studying or carrying out research in the UK
The requirement that you must have studied your degree, PGCE or PGDE during a period of continous leave that includes your most recent period of immigration permission means that you can rely on a degree, PGCE or PGDE you completed earlier, even if you are now studying for or have obtained a different qualification. If you did not have immigration permission throughout that period, the gaps between your periods of immigration permission must be no more than 28 days.
Although your job is exempt from the resident labour market test, it must meet the skills level and the minimum wage level and you must meet the English language requirement and the maintenance requirement
I ALSO SPOKE TO UKBA AND THEY ALSO CONFIRMED THAT POST STUDY WORK VISA HOLDERS CAN APPLY AS NEW ENTRANTS WITH NO AGE RESTRICTION!!
if this has been answered in this forum already and I missed it somehow. 
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