Well, i have completed the course, have my LST on friday. Although they do not garuntee you a job you initially recieve a six month training contract that begins as soon as base training is completed and ends six months later, although i believe it actually ends when line training is complete which can take anywhere from 3 weeks to 6 months. After that as long as you are up to the standard you then recieve a full time contract.
Pay wise you start on second officer basic and half sector until line training is complete. I should take home on average £1300 to £1500 net a month then work your way up the pay scale as your experience increases.
The type rating course is difficult, it requires a lot of effort put in away from standard office hours. Ryanair is a help yourself airline, I (we) are expected to look after all our own affairs - Recurrency date awareness, medical, travel, roster, lunch etc etc. no one is calling me or ringing me making sure i know where i should be and when.