Lots of SMU grads are now working in banks. I'm an old chap and I believe that all things equal, it's more financially rewarding to work in the finance sector regardless of whether it's FO, MO or BO.

It's not true that only people in banks get crap and suffer. The same stories apply to all jobs anywhere in the world. That said, I have many friends who are super happy about their jobs in finance and lead a super balanced life (they always claim they are super busy though - don't all of us?).