IMHO, they'll be able to be choosy and get everything they want.

Although it's possible they may not REQUIRE a 4-year degree for instance or xxxx amount of part 121 or heavy military jet PIC, those with both are likely to get the earliest interviews and thus class slots and get the seniority at the beginning of the hiring wave however large and and long it may be and advance faster. There's a large number of pilots at numerous regionals who've been captains for 5+ years looking to move to a major, corporate guys tired of that life and having airplanes (and their jobs) sold out from under them without notice and military looking for a good civilian job to suppliment their military retirement.