Long-term Career in IB

Interested in understanding whether a career in banking is actually as rough as people say. In your experience, do your MDs actually not have time for their families/limited personal lives? Are they constantly hopping from city to city or canceling plans on a moment's notice just because a client asked them to? Have years of pressure to bring in fees turned them into belligerent, hostile pricks or pathetic sycophants willing to say whatever the client wants to win the deal? Or is the impression one gets from this forum just an exaggeration? 

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I mean it's basically guaranteed anyone who wants it can be MD because everyone smart leaves for PE within 2 years. Also MDs are bad managers and bad people and going back to office was a scam. 

 
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