IB vs. PWM
Hey everyone! This is my first time posting on here, something I never really saw myself doing but I'm not sure who else to talk to this about. I'm going into my sophomore year of college and am at a big of a fork in the road between pursuing investment. I want to make sure that for recruiting and preparing for a career I am as a ready as possible, so I sort of want to narrow down which direction I'm going to decide to head toward.
I have no doubt I have what it takes to pursue investment banking. I could absolutely deal with the long hours, work environment, and early career grind. But I am more worried about my overall quality of life having heard and read so much about the lifestyles of people working in IB. To what degree is all of this true? Is there anyone who doesn't absolutely hate their life working in IB? I want to have time for my family, friends, and mental/physical health. I'm not saying I want to sit on my ass all day on the phone with my mom. But I want to make sure I have time for things that are important to me outside of work. If this is how I feel, is it a really bad idea to go into IB?
I'm also considering private wealth management. I'm generally under the impression that the work/life balance would be better doing, but by the same taken, I don't want to be more. I like having a certain pressure/momentum to my work environment. Also, is the compensation in PWM really never going to ramp up? If I were to stick with PWM and reach a successful level, does anyone have any sense of what kind of money I would be making.
I really appreciate any insight anyone can offer. Thank you!!!
EDIT: I guess a follow up after having seen a few responses to this already is, if you were in my shoes right now (going into sophomore year of college) and you had total flexibility in terms of your career in front of you what career path would you choose?