Investment Banking: Losing its Luster?

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<p>Please explain how recent layoffs equates to financial stability and quick payoff.</p>

<p>Logic would tell you that if you work in a volatile sector, stability is not present.</p>

<p>I really wonder why anyone would want to pursue this line of work. What’s the appeal of working 60+ hours a week in an extremely high cost of living area?</p>

<p>Basically, how is that better than a government employee making 100-150k/year in a low cost metro area (if in Philly, that’s equal to 200-300k/year in NYC), stacking two government retirements, and being able to retire before age 50?</p>