Best Industries to Cover in Investment Banking

Hey all - currently a summer analyst at a BB doing investment banking in the Power & Utilities (Natural Resources, some energy) group. Initially was happy to be placed in this group, as it is universally known as a top 2-3 group at my bank. So far, I really like the culture and investment banking in general (especially M&A work), but I must say that I geniunely hate the industry (mostly P&U) that I'm working in.

I am just not a fan of learning about how this industry works. I honestly feel like the P&U space is 100% run by the government, lawyers, and lobbyists. Not to mention the industry is pretty slow and the only M&A like work I'm seeing are a bunch of asset sales that don't really have a fun strategic reasoning behind them (literally selling assets just because they need cash). I feel like M&A work is more interesting when it's a whole company getting bought vs. some asset that is worth like 5% of the parent company. And to be honest, the models get really complicated but I find them boring because they are so accurate due to everything being based off of rate base and other things that are regulated by the government.

With the above and a bunch of things I hate about this space, I am looking to either lateral to a different coverage group for FT (my bank is actually very encouraging of this as many have done it before ) or recruit FT elsewhere. I know that if I wanted to stay with this group Nd jump to PE, i would most likely end up at an infra fund, which I would hate.

So I would appreciate it if WSO could explain/argue what is really the best/most interesting industry to cover for bankers and why. I think it would help if I, as a 21 year old, could relate to the companies I work with (whether I use their products, etc). And what industries are good for exiting to PE/growth equity? Thanks everyone