MM local PE vs CIB at Citi

Hello everybody,

I am a senior year college student in a developing country and I have recently landed 2 six-months internships offers (and apparently they would hire me for a full-time position after the 6 months if my performance is good) at a middle-market (~$2bn AUM) local PE fund and at the CIB division of Citi, both at my country. I would appreciate advice on which option to take.

On one side, the PE fund offers constant valuation experience (it is diversified and one of my tasks would be to support the valuation of the different firms in the portfolio) and they are planning to start a third investment round in 2021; however, the PE is not known internationally (no name), only invests in local companies (not big deals) and some of the tasks might be more related to consulting

On the other side, Citibank is a renowned BB bank and has more exposure to bigger clients and -one would expect- bigger deals; however, I recently talked to a friend who works there and he mentioned that he spends most of the time maintaining relationships with clients and offering them different financing products or products from the other divisions of the bank (sounds more like Corporate Banking to me). He also mentioned that M&A deals are sporadic and when they occur, the office usually only handles middle-market transactions (although they have seen very few big deals)

My mid-term goal is to land an investment banking position at a BB with high exposure to big deals (in my country, these are GS, CS, MS or BAML, however, they only hire from analyst position and above and most of the guys who end up there usually have had 2 years of experience in a full-time position at a different place).

My long-term goal is to enter a prestigious US/UK MBA program (I'm doing pretty well with grades and extracurriculars, I am only missing the job experience)

Hence, given my goals, I would like to ask you: which one would you advise me to choose? The local PE (with more valuation and investment experience but with no international name and middle-market oriented) or the CIB position (with an established name, especially since I live in a developing country, and sporadic deals but with a significant corporate banking component) at the BB?