I can attest to what you said. I’m currently in a serious job search and I’ve spoken to a number of recruiters in SD, OC and LA who have been deluged with resumes from former loan analysts and mortgage type workers looking for 100K plus jobs. Problem is that they don’t have transferable skill sets for say Manufacturing analysis or even real service sector industries or hi tech industries where they actually make and do stuff.
I was concerned that I would end up competing with these people in the job market but since their experience is so bad that hasn’t happened so far as they generally are not even considered for most of the positions that I’ve been looking at.
