Could I offer a few thoughts from the perspective of somebody who has been around the houses a bit. For the record I have flying instructing and university teaching qualifications, and was involved in setting up one of the university "degree with flying" programmes, although not the one at Bucks New Uni. I've also worked within both the airline and military flying environments (although neither as a pilot).
For a Brit, there is no, repeat no, initial value in holding a degree in anything if you only want to be a civil pilot. Getting a degree is a lot of time and money, and requires an interest and passion for the subject or you're likely to fail - and you don't get the money back!
However, also, there are only limited and partial advantages in having been through one of the expensive integrated programmes such as OAT. It is true that some Big Airlines have a preference for integrated graduates, but equally a lot of smaller employers wouldn't touch an integrated graduate with a bargepole because they have virtually no hours and are perceived as having little understanding of flying beyond the narrow airline-centred training of the course. Integrated is also extremely expensive compared to self-managed modular training.
Now, to Bucks. They are a small university in a curious position - academically they are pretty much at the bottom of most UK league tables. Yet, they also are nearly at the top of the employabilty league table: presumably because of their historic concentration on vocational degree or sub-degree courses (HNCs, etc.). They are also in bed with what used to be Wycombe Air Centre and is now Booker Aviation. These chaps are a very good modular training provider with an excellent track record who have worked with several of universities on these "small i" (not really) integrated courses.
Now a comment on the long term. A degree, as I said, is of no value in the short term - it's all about hours and ratings, and of-course your personal attributes. In the long term whilst the qualification itself is of questionable value as a piece of paper, the skills and abilities learned in a well structured degree programme will be of value in developing a future professional flying career, potentially into management pilot roles or if (deities forbid) you fail a medical and need to move into, say, a non-flying aviation professional role.
So, in that light, I think that although it's a more expensive way of doing it than self managed modular, the BNU course is a very good thing. It provides a structured route to the fATPL that seems to be working well, from a well respected training provider, and in the longer term it provides a foundation that may well lead to a good onwards career. It may even be a better all-round route than the well known Integrated (big I) courses.
A further thought or three.
(1) As a degree course, the BNU course remains relatively lightweight. If you want to purse a "proper" graduate career - military officer, aerospace engineer, and so-on, go somewhere else. For example, Brunel University offers "Aviation Engineering with Pilot Studies" which is a serious high quality engineering degree, plus a PPL and further training opportunities (as it happens also with Booker), who have an excellent track record of sending students onto high flying professional engineering careers (the Chief Designer for the A380 is a Brunel graduate). These professional aerospace / aviation careers are every bit as rewarding as a piloting one, but clearly different.
(2) The "B" word hasn't been mentioned, but I'm sure it's in people's minds. A degree is not a "Backup", it's the start point for a future career. If you want a backup, get a (much cheaper and quicker to obtain) qualification which is some form of licence to practice. Whether that's as a lifeguard, aerobics instructor, or cook, all will provide a better backup than a degree.
(3) Before embarking upon any course into a professional flying career, GET SOME FLYING LESSONS. Learn, basically whether the airborne environment suits you and you suit it.
Last edited by Genghis the Engineer; 11th August 2013 at 08:40.