The title pretty much says it all.
If you were hiring a post-MBA associate, (and taking for granted for now that the candidate comes from a US target school and has a 750+ GMAT) which would you prefer:
--investment banking analyst experience for a big local bank in a no-name developing country, or;
--business development experience for a well-respected midmarket US firm?
Assume US citizenship and a business degree from a Top 20 US college.
(Any chance of swinging the former into an emerging markets gig?)