| Topic Name: |
choice of sector coverage |
| Message Name: |
which sector is best? |
| Date Posted: |
01/31/2002 |
| Message: |
I have recently accepted a job with a growth-oriented buy side shop in New York. I have been given the opportunity to express a preference for sector coverage, and am having a hard time deciding what to ask for.
I don't have any particular credentials that qualify me for one over another. I will say that for whatever preconceived reason, I don't find myself particularly interested in health care, nor in retail. Other than that I'm pretty indifferent.
My guess is that it would probably be better for me in terms of professional development to develop expertise in a specific industry rather than being a generalist that covers consumer services, restaurants, etc.
In which sectors are there most consistently a demand for expertise? If I decide to leave the firm in a few years, I want to be able to market my particular focus, rather than having been a generalist.
I guess technology is kind of an obvious first pick. Tech companies are interesting to me, and that seems to match the firm's stated focus on growth companies.
Are there are other "hot" sectors? I guess biotech is another one, but I think that's bundled with health care, and I have to say I've never been particularly interested in old-economy drug companies. I guess I'm willing to consider requesting it anyway, since it's clearly a hot sector and there will probably be a lot of movement in the next few years?
What about other sectors? Among my other choices are financials, retail, media, industrials, consumer staples.
Thanks for any help or advice, especially from anyone who is an analyst on the buy side and wishes they had some other coverage area.
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