Job opportunity wise, CCNA is much more relevant. The reason it is worth more is because Cisco CCNA was made by the industry to suit the industry's needs. Degrees are not the same throughout all universities, and this makes it very difficult for an employer to distinguish what you actually know. CCNA is different though, it is the same globally and only includes what the industry actually wants from a network engineer without the superfluous material which you will probably never need. Looking through that course, I would say that 90% of the relevant content can be learned from CCNA within a year. Chances are, you will even learn important stuff that you wouldn't get from a degree. After CCNA, you can go onto CCNP which is the more advanced award, and if you have a CCNP, then the job opportunities available to you are limitless. Seriously though, a CCNA has a much high employability than a broad degree in networking, and if you look through some good networking job places, you will find that a lot of them require CCNA as a minimum to get an interview.
The CCNA consists of 4 semesters, each will require you to take both a Practical Skills examination and a theory test.