VFX

The animation is a unique field in the sense that it is a blend of creativity and technology. So if you have a mindset of applying technology and use your creativity then animation course can open up really exciting and rewarding avenues for you. Animations be it simple drawing, 2D and 3D imaging are now widely used in media and technology world. As you have seen the latest movie, Avatar, it is just an ultimate use of animation technologies. Now, they are also increasingly used for product designs, stall designs, automobile designs and so on. So if you think you have good drawing and creative skills and have a bend toward learning technologies, go for this.
You can have good jobs in animation area as this field is progressing day by day and there are huge chances for success and high job profile mainly in metropolitan cities.
If you want to learn designing then you should do this from high profile institutes and cities because this field requires immense exploration of ourselves and our mind. It basically searches for innovation and creativity.

I would say both are better, for one is incomplete without the other. When you see any movie online and if you ever happen to watch it through the credits, in the end, you will see that every movie will have animators/ 3D ARTISTS and VFX. So, certainly one needs the help of both of animation and visual effects. But by a large, the masses distinguish between the both by calling animation cartoon like and VFX as a real one. If you talk to any expert they will be able to give you an exact distinction between the two. But the core line remains that both support the production pipeline through the end. Captain America will lose its shield if there is no animation but it will also lose its powers without the VFX or hulk can never transform itself to big giants without animation, it will not be seen running around a realistic environment without VFX.
There are many such examples, I suggest you message us for more details related to better opportunities in animation and VFX.