If you are on a tagged cadet scheme the choice is easy.
If your not on one you in the same boat as everyone else.
Ryanair sucks up the majority of both types that go straight to jets.
The real advantage with modular is that you can work and train at the same time. You can also time your entrance into the job market. ie speed up if things are good or slow down if we hit another 9/11.
Realistically if you haven't got a job after 1-2 years after getting your blue book you going to have to do something pretty drastic to get back into the market as most employers will go for the fresh meat out of school that are current.