Jeff McJunkin discusses various information security specializations including penetration testing, forensics, incident response, systems administration, audit, management, and legal. He provides an overview of the skills needed for each specialization and next steps one can take to develop those skills and become employable in that field. Some key specializations he highlights are penetration testing, computer forensics, and intrusion analysis which often involve consulting work. He emphasizes getting hands-on experience through challenges, labs, and internships to develop skills for these careers.