Much of the above is accurate but somewhat exagerated. It is very competitive to get into and competitive to get ahead. That said, a lot of stories out there are the extremes and not the daily grind you should expect. Long hours and weekends are to be expected but talk to a lawyer or CA trying to make partner at their firm.
IB isnt for everyone. It does however provide great exit opportunities even from the analyst position after a 2 year stint.
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