Obviously this is comparing apples to oranges, but in your opinion which certification is more useful in today's market?
I currently have experience with Active Directory and Exchange, so the MCSA would better compliment my resume, but it seems that the CCNA is generally more in-demand. I believe I would be happy as a sysadmin or a network admin.
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I just received my CEH (eager to see how useful that'll be….) and I'm ready for my next cert. So what do you think?
Why not both? (Other than cost.)
The CCNA isn't too bad, you could have it under your belt in about 3 months if you take the time to study and really learn the material.
I don't have an MCSA myself so I couldn't really say how difficult that is, but I don't think a CCNA would be that far out of your way if you're interested in knowing a bit of networking to go with your server experience.
The reason I'm hesitant to get both is that I don't want to be stuck at entry level forever. If I get the MCSA, why then go for the CCNA when I can graduate to the MCSE?
It really depends on what your long term goals are. Looking a few years down the line do you want to continue to be a jack of all trades? A network engineer? A Windows Systems Admin? What do you want to do? Figure that out and then start working on certs that'll get you further in that field.
I feel like I would be happy as either a network engineer or a sysadmin. They both interest me, but I don't have experience as either so I can't really say for sure.
You say you don't want to remain entry-level forever which I, of course, understand. If you wish to specialize a bit more (network engineer vs. MS systems engineer path) then the only question is: which do you prefer? Get that cert and then jump into the respective next step: CCNP or MCSE. As a holder of both the CCNA and MCSA, I will say that the MCSA was much easier to study for, though it took just as long because of the number of tests. I spent about 6 months on each, got the CCENT, got the MCSA, and then got the CCNA in just over a year's time. Both have helped me tremendously both getting through HR to interviews for increasingly better paying jobs, as well as the fundamental knowledge I need to do those jobs. My recommendation is spend a year and get both and during that time think long and hard about which curriculum you enjoyed more and then go into the next level of that vendor cert. FWIW.
EDIT: Maybe your aspirations are higher, but I have 4 years experience and have gone from a 33k job as a junior net admin to a 75k network/systems engineer job with only those certs and a couple other low-level ones. I'm also on my 4th job because demand is so high for my skill-set that it would be a crime for me not to keep my options open and jobs just fall into my lap. I was a polisci major in college.