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-   -   Debt between 165-200 thousand Euros? (https://www.pprune.org/terms-endearment/535716-debt-between-165-200-thousand-euros.html)

Alycidon 16th Mar 2014 07:49

go easy on Bealzebub, he might have had his memory laundered

fepilot 16th Mar 2014 16:54

Is it legal for companies to recruit directly from only one school given that all schools should meet the strict training standards and all students must pass the same external exams?
Cant imagine not being allowed to apply to some companies in other fields eg. law, dentistry, engineering et al just because I went to the wrong school...


For the youngsters who intend to pay large sums of money-getting a real job even if its part time may allow you to understand the value of money. Very difficult to live with such a huge amount of debt.

Mikehotel152 16th Mar 2014 17:25

It happens all the time in other fields, usually University related.

Try getting a job at a City of London Law firm without having gone to Oxbridge. Not easy.

Wanna be in the Cabinet? Best you go to Eton...

FullTanks 16th Mar 2014 18:55

Debt, training schools and airlines
 
I recently posted the following on a Wannabes' thread, but I think it has some relevance to the preceding comments here. As regards the choice of flight school, despite cadet experiences at all three major suppliers, they remain the schools of choice for all major UK operators when selecting graduates. They are seeking to employ those who have been trained by an organisation which they have probably audited themselves for suitability. The quality of the training is reflected in the quality of their graduates.
As regards the comment that City law firms will only recruit Oxbridge graduates, the range of universities may be a little wider than that - Russell Group plus Durham perhaps - but the point is well made and is a just comparison. It is also valid for accountancy, banking, management consultancy and many others, where the employer is seeking a known product from a known seat of learning.
The following omits to mention Monarch, but may be read to include that well regarded and long standing UK airline by inference.

Reality Check Required
Whilst I appreciate that many self sponsored pilots who achieved fATPL/IR qualification have, in the past, managed to secure flying positions with major UK airlines, both of the legacy and low cost type, the recruiting position is now far more problematical.
The very limited places available on each year's BA FPP program ensure that they can recruit both the most suitable, those most likely to complete the demanding course and, importantly, those whom they consider will have little difficulty during their ensuing careers in passing recurrent checks and conversion courses.
The majority of those who have been selected by BA are not enthusiastic teenagers (as I once was), but those with established and well remunerated careers. They still have the enthusiasm but were prepared to forego commercial flying until BA launched their scheme in 2011. The integrated / tagged courses with the three major training providers gave similar employment prospects to their successful candidates.
As I have tried to impress upon those thinking of embarking on a SELF SPONSORED integrated or modular course - you are by definition SELF SELECTED. Sadly the schools may consider you trainable - that does not make you employable. The unemployable (by major airlines) are distorting the market and having to face the reality of no flying job and a massive loan repayment. If you are considered to be the 'Right Stuff' by a major airline, you will be tagged for a course or offered a place on a version of BA's FPP. If you embark on professional licence training in the current climate without such assurances you will have only yourself to blame if you fail to find employment upon qualifying / graduating.
If you are prepared to accept the reality, you can still have a wonderfully successful career in an entirely different and rewarding field and still enjoy the benefits of a PPL, possibly owning your own or a share in an aircraft. There can be few, if any, other occupations in which so many have qualified who thereafter find themselves among the long term unemployed.
Good luck, but please be realistic. This is a time to let your head rule your heart.

monviso 16th Mar 2014 20:09


Can this be true or is it just another rumor?

If this is true then where does all that money go?
It is true and becoming worse and worse. This situation is experienced among graduates too. Today, going to a College is a wonderful way to create a huge debt which will not assure you any job unless you studied in an important University.

This case scenario is especially true in U.S.A. and North America.

MaxBlow 17th Mar 2014 18:20

vicious circle
 
Not having read all the previous posts I'd like to give you an example on how bad it is these days.

Our newly hired F/Os carry the usual sum of their MPL/ATPL training of everything between 100k and 125K €.

Than they'll pay to be interviewed by the airline (the airline has an agreement with that particular flight school).

If they pass they than have to pay 15k € for the rating and are being offered a contract for one year (note that the airline is expanding at fast pace). After a year the contract will be renewed - or not - as a fairly high number of new recruits are willing to pay as well.
Company benefits (profit on training instead of paying for), flightschool makes money, sim center makes money e.g...

At the same time management wonders why only a small number of these guys stay on once their contract runs out and contractual obligations no longer exits. They simply run from modern slavery for greener pastures.

I heard from another company that is actually asking for 2k € from cabin crew to be hired for one year:ooh:

Creating more depth makes people to 'have to work' and accept offers that nobody normally would accept.

My personal policy is 'not to pay' and thus I turned down screenings and contracts although I liked the idea of working there.

A bit off topic, but recently an agency asked me to pay 12k USD for a contract and seriously wrote that it is 'only' 12k.
Another agency offered a screening but asked me to pay for the simulator time:D

If we all would stop offering to pay than, only than could it change again. But it's probably already way to late to change this system again.


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