http://www.pprune.org/professional-pilot-training-includes-ground-studies/403410-modu
I was told recently that one sizeable European integrated school has not had a graduate find a flying job with an airline in the past five years (approximately 450 new JAA/EASA CPL holders). I know the market is weak at the moment but this is not very encouraging in view of the shortage the same organisation promotes as part of it's sales pitch. And that's only one of the schools.