Graduate: MM syndicated loans vs MM (private banking) ALM

Same bank, both jobs are in London, salary is the same, and they are both 12 month graduate contracts.

Syndicated loans involves supporting management, syndicators, and traders. It's quite a varied role since I'd be doing a bit of everything for each team in syndicated loans, but it would appear to be somewhat administrative. I've spoken to a few members of the team and apparently it's fairly easy to move into DCM origination and even moving into bond trading is allegedly possible (although I find that hard to believe).

The ALM role is probably more interesting on a daily basis and it's a small three person team which means that I'd probably have a decent amount of responsibility. However, the ALM job is with their private banking arm and is pretty much entirely independent. I assume that this would greatly reduce internal mobility and potential exit opportunities.

In your opinion, which one is the better job? And which one has the better exit opportunities?

Thanks

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