Industrial vs Power Utilities and Infrastructure vs NatRes - What to pick?
So I will be interning at a BB this summer and I have been asked to select a team to go into. I have an engineering background so I am interested in going into a coverage team related to what I have studied (to help keep it interesting for me). Despite being early in my investment banking career, I want to try and make good decisions from the get go (since the team I will intern in will most likely be my team for my analyst years - given I get a FT offer haha). Therefore I am interested in learning about which coverage groups are better in terms of different aspects...
1) Firstly what are the exit options like in these sectors? I've heard that Infra is very specific in the work they do, and consequently a traditional PE exit is uncommon - hard to lateral into other teams? Is industrials just as specific or is it a broad sector? Which sector is more of a pigeon hole?
2) Which sector is more modelling intensive and offers the most variety? The only reason I am curious in this is because I want to work in a sector that does a lot (want to learn as much as possible). How do they compare to more traditional coverage groups?
3) What is the deal flow like in each sector? Is one more deal active than another?
4) What are the future prospects like for each sector?
5) What are the typical clients you work with? I think these 3 sectors do a bit of M&A and DCM but not fully sure. I think Industrials do a bit of work with private equity firms?
I would greatly appreciate any insight anyone can offer!
Thank you!
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