What are the big differences between European Spanish and Latin-American Spanish?

After i finish Italian, i would like to learn another language, out of interest and because it would look good on my resume. I now speak Dutch, German, English, French, Latin and Italian and i’d like to learn Spanish next. But they gave 2 options, European or Latin-American.

What are the big differences? Are they real big? Will i be able to understand the one if i speak the other and will other people? Which would you choose and why?
Sorry i forgot to say i know Japanese too. But i’m really not interested in Chinese or Arab. As i said i also learn languages out of interest, for the cultures and books and really, for me, Europe’s renaissance and that literature are my interest. I learned Japanese when i still did martial arts such as jui-jitsu.

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