Don't group on a Wiz for XP, ever. You're just screwing everyone over, including yourself. Quadding is best, but even single target root-nuking is better. You have the advantage on a Wiz of making very fast kills. So most of your "XP time" is actually medding, during which you can do other things. It's a much more efficient use of your time than being the worst member of every group you join.
That being said, Wiz is one of the best classes for raid-focused players. This holds true all the way through Velious. If you enjoy raiding and contributing to a guild's progress (like other raid-focused classes like Warrior, Cleric, Bard, Rogue) but like a more independent playstyle and don't want a lot of in-game responsibility, Wiz is the perfect class. Pretty much no guild ever says, "We have too many Wizards on the roster."
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