That said, job prospects for either CCNAs or MCSEs are kind of limited right now, owing to the slow economy. I urge you to talk to your university's placement office, to friends, family, fellow students, and peers or colleagues to find out about job opportunities in your field. Right now, pay and prospects are down in the US for network administrators. I can't speak to your part of the world, since I don't know where you're located.
But please, look around and weigh your options carefully before deciding on any particular certification. To me the CCNA is best treated as a stepping stone to other, more senior Cisco credentials, while the MCSE is usually most beneficial when it can be combined with 2 or more years of meaningful work experience when seeking employment.
I hope this answers your questions. If not, please post again!
This was first published in February 2003