As for which one I recommend, let me ask a question to help you get started thinking about it. Red or blue, which one do you recommend? Right now, you're probably saying "Huh?" The answer is: It all depends on the person. There is no right answer to which certification path to take other than your own personal preference. I would not want to be a full-time application developer. I cannot imagine being anything other than a DBA. So for me, the DBA certification path is the one to take. However, I know many application developers who would never dream of being any sort of administrator. So the developer certification path is for them. You'll have to determine which road you want to go down. The best way to do that is to get as much exposure to each area and decide which path you like best.
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