I have been researching ATP and a couple of FBOs near me. The FBOs are Academy of Aviation LLC
http://www.academyofaviation.com/ , and Heritage Flight Academy
http://www.heritageflightacademy.com/ Are these schools any good in your opinion, based on what you see on their websites? I want to fly for an airline someday and I don't care if that means putting up with the regionals. (All part of the journey, right?) Which schools would offer me the best chance of employment as a CFI or FO for a regional?
So about the training...
Do you have a college degree? (Not having one will not necessarily disqualify you from employment, but not having one WILL limit your options.)
I've done everything with the exception of my commercial MEL at one of the local FBOs. All Part 61. (Commercial single, and multiengine land; instrument airplane. CFI in work.) I have around 500TT now and I've spent just under what the ATP Career Program costs (as of 2011) getting that...so you can crunch that internally if you like.
The training I got in Long Beach for CMEL was very, very good. Excellent, in fact, and free use of the FTD is also very handy. It really depends on the student: you need to walk in already knowing a lot to really be successful in ATP's fast paced environment. You will live, eat, and breathe aviation as long as you are in one of their programs and it's a very, very high quality experience. Come prepared and well-rested.
By contrast, progress at the local FBO can seem glacially slow.
But there's a lot more flexibility, variety and discretion in the flying you can do at an FBO. I got to log time in a Diamond Katana and Star (lovely), Cessna 152, 172, 182, 210, 414 and 421 (oh boy!), a Beech Duchess (blech) and a Piper Seminole and Seneca (what a sweetheart) over the course of all this. I've been places on fly-ins I never thought I'd go to and made a lot of friends and had a great time doing it. I paid as I went and worked and went to school full-time.
Want to go to Mammoth? FBO flying, no problem. Got a business evolution somewhere up the coast that you need to get to in a hurry? Go for it: grab the airplane and
go. Or Deer Park to have lunch/dinner with family friends? Sure. ATP doesn't necessarily have that flexibility. But you WILL get very very structured, regimented and professional training out of ATP, and a better hack at the crew concept. And you'll get used to drinking knowledge from a firehose: a handy skill.
But, you should do what works for you. If you can afford (and handle) a fast track program, go for it. If you want to take your time and possibly get more variety, go the FBO route. Either way is fun.
A final note: Avoid debt to the maximum extent possible. If you think that first year salary looks low unencumbered, just try to service a large amount of loan debt on it. If you can get in without digging yourself in too much, you'll be ahead of the game.
And lastly (I mean it this time): good luck, and enjoy.