What’s the sad reality of working in IB that prospective analysts/interns should know?

Saw a similar post on Reddit for people in general. Aside from the obvious of little work life balance (for some banks/groups), what are the small things people don’t talk about incoming analysts/interns should know?

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Investment Banking 7 Stories Review

“Michael was a huge help getting me ready for my Lazard HireVue. I came in with a lot of good material but my answers were running long and I kept rambling through my stories. He walked me through each one and helped me cut them down so they were concise and hit the main points without losing what makes them mine. He was honest about what was not working and gave me clear ways to fix it instead of just general advice. I left the call feeling way more confident and organized going into the interview. I would definitely work with him again.”

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What’s the sad reality of working in IB that prospective analysts/interns should know?

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