Which SA? AM Allocation Advisory vs. Moody's

So I am facing this tough decision between a Strategic Solutions/Client Portfolio Allocation Advisory role at an asset manager (think PIMCO/Eaton Vance) and a Credit Ratings Research internship at Moody's.

Assuming I will not be returning after the summer, I am primarily considering full-time opportunities after the SA internship. The end goal is to work in Asset Management, so I would imagine Moody's will open up more doors with research roles at fixed income funds, while the Allocation Advisory role will better fit into a FoF model (Hedge Fund Solutions at BlackRock/JPM or Investment consultants like Cambridge Associates).

For now I am leaning toward Allocation Advisory as it seems to be a good balance of portfolio structuring and client advisory. But I'm also concerned that it wouldn't give me enough hard skills.

Concerning full-time opportunities and B-school chances, which one should I take?

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