I work at a small flying school which also teaches JAR CPL modular courses, last year we had eleven of our self improver instructors leave to go to the airlines, for the last six months all the CPL training has dried up and now the work has shifted to training ex oxford students who have frozen ATPL and IR and are now doing instructors ratings, this proves to me that there is no substitute for hours and the airlines are not recruiting 200hour pilots at the moment, think carefully before spending a lot of dosh on a full time course or you may find you have to spend another £6000 on top for that FIC rating in order to get a job in a years time!