Currently european carriers switch to the MPL scheme which means even less flying time. For example the program warmkiter explained above (i ran through it although with slightly different types and hours, G part) is now condensed to roughly 80 hours real world flying, around 15 or so of that on CJ1s. However simulator flying took over a large part and in fact provides for several hundred hours of very intense training time. The whole program (including a typerating) is then followed by a pretty long and thorough line training program that can run easily somewhere between 3 and 6 months, in some cases even longer. And of course it is preceded by an extremely thorough testing and selection phase that usually has pass rates somewhere between 0.5 to 2% of all applicants.
Of course major carriers usually do not have the problem of both sides being inexperienced with usually 12 to 15 years as an FO or senior FO before starting the command course.