Mage is a support class, not a fighter. Assassin, on the other hand, is a very offensive class. If mage had the same damage as assassin, it'd become unbalanced.
TL;DR No
Mage might be a support class, but it is hard to grind mobs because either A) It takes like 12 hits just to kill a mob that is your level or B) Someone else using a different class comes along and kills them in like 3 hits.
Even mage's most damaging ability, Meteor, isn't that good. First off, you can only fire one meteor at a time. If you spawn a second meteor while the first is falling, it deletes the first one. Secondly, it doesn't deal that much damage. For example: with the level 46 wand it deals 89-97 damage. While that is 250% a WAND's damage, it is only about 130% a shear's damage.
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