I want to start a thread talking about the nuances of corporate finance within each industry (Oil & Gas, Healthcare/Pharma, Aerospace & Defense, Manufacturing, Consumer Packaged Goods, etc).
The impression I've gotten is that you can bounce around between industries in the first few years of your career, but ultimately should settle in an industry, build expertise, and use that expertise to rise up. There are obviously exceptions to this, but that seems to be the general thought.
I joined Aerospace and Defense out of college, thinking that all corporate finance would be the same- might as well be around jets and missiles and satellites. I was very wrong, and wish that I had known more about finance in different industries to have a idea of what industry better matched my interests coming out of college. I think it would be helpful for younger Monkeys to know more about each industry, to possibly aid their decision and help them work on building industry expertise earlier. It would also be helpful to early-career monkeys like myself who are looking to make an industry jump in the near future!
I'll be adding a comment below to give an overview of A&D, and I'd appreciate if anyone else can comment to give a brief overview of the nuances of finance their specific industry. Thanks!
EDIT: @accountingbyday- can I get you to write a paragraph or two about healthcare/pharma finance? Nuances, government influence, things to consider when looking at the industry? This one is particularly interesting to me- hoping it isn't full of government oversight like A&D.
@CFLateral - Anything interesting/different about Tech?
@ArrozOwl - Anything different/unexpected about CPG?
@Poseidon_ I know you've changed industries, any insights there?