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Lifestyle in Investment Banking improved?

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I am up in the air between investment banking and trading. I am definitely more interested in IB, but I am hesitant due to the lifestyle and hours that are sacrificed. Can someone please give me an accurate account of the social life and the day to day lifestyle of a banker. Also, is it true, that in the long run, bankers make more than traders? When I say traders, I mean the sell-side flow traders, who actually have to take positions (I don't need someone mentioning cash equities sales trading, I'm not interested). Any help would be greatly appreciated.

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