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By better longevity do you mean less likely to cause burnout? If so, Capital Markets def has better longevity, though it can be a bit repetitive/boring to some. M&A is probably the most burnout-inducing practice there is. Hold on for the ride long enough to get that sweet, sweet in-house gig.
Almost always, unless you’re at the top levels of the in-house practice. But in exchange you get predictability and a reduced work load.