During recruiting I noticed a lot of people giving me advice like "avoid Real Estate and FIG like the plague", presumably because they don't exit well into PE due to the nature of those industries. It is said that people who do RE and FIG are pigeonholed in the future.
Doesn't every industry group get you pigeonholed into that industry for PE? Just like how an RE analyst has to recruit at a REPE shop, doesn't a TMT guy get recruited into a TMT coverage PE role? Or am I missing something? Can a TMT guy do infrastructure PE or something?
All else being equal (assuming equally good deal flow), are there certain industry groups that will keep your options open more than others? Can someone give me a low-down on the different groups and their exit opp versatility? Is there any other reason why certain groups like RE, FIG, and NatRes are looked down upon by certain people?