Some paid for type ratings, others did not. But maybe you don't consider the likes of BA, Easy, Thomas Cook, Jet2, Excel, Ryanair, DHL, BMI, Flybe and Thomsonfly to be "real airlines or real careers"?
Your original assertion that;
"students graduate (sic) with a little over 200 hours of time logged, which is far below the requirements of European airlines"
... is not correct.
This is the typical FTO propaganda. See what I mean guys?
Be careful