Yep many do get jobs and turn out to be really good and valuable line pilots and captains.
But there's also a pool of licence holders who are pretty much unemployable!
The airline industry is very conservative and risk averse hence the stated preference for integrated. But a good modular guy is just as valuable as a good integrated guy.
Ive always been in absolute awe of the guys and girls who plug away funding their way through modular. It takes real grit, motivation and determination! You have to respect that!