Industrials is a broad investment banking sector that can include aerospace and defense, transportation and logistics, machinery, building products, business services, automotive suppliers, and other manufacturing businesses. Coverage differs by bank, so review the firm’s website, recent transactions, and team structure before your interview.
Learn the basic business models and demand drivers for several important subsectors. Machinery demand, for example, may depend on capital spending and factory activity. Transportation companies can be influenced by shipment volumes, capacity, and fuel costs. Aerospace suppliers may have long production cycles and exposure to aircraft delivery rates.