Does that 34K include the type rating?
The problem is that you only work for 1 year, so maybe you'll get 500 to 800 hours.
Where does that leave you? The airlines around the world are going into a major contraction.
I don't think 500 or 800 hours on type is necessarily going guarantee you a job over the next few years as there are going to be a lot of guys with a lot more time than that on the street also looking for work...