Oracle - Subquery vs Analytical Function Query

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Oracle

-- One
select * from
(select
    employeeid, effectivedate, designationid,
    max(effectivedate) over (partition by employeeid) meffectivedate    
from
    designationtransfers
) where effectivedate = meffectivedate

-- Two
select employeeid, effectivedate, designationid from
	designationtransfers t
where 
	effectivedate = 
		(select max(effectivedate) from designationtransfers t1 where t.employeeid = t1.employeeid)

The result of the above two queries is the same. But, I am uncertain which is the one to use and which is better than the other.

Can anybody help me?

Thank you in advance.