ATP vs 737 Tpye
 

Go for it!

If you have any GI Bill left, you can get the ATP and 737 type for around $3000 to $4000, IIRC. I say do it, can't hurt.

ATP. CFI, CFII and MEI are bonus if you don't already have them via MIL COMP.

ATP for sure. Many majors (including all the highest paid) require it, and all prefer it.

I would only do the 73 type if you want to work for SWA, and meet their minimums. Use the GI Bill to reduce the cost.


Also be aware of this...a 737 type on your pilot certificate with no operational experience sends a very clear message in the airline world:

"SWA is my number one job choice. I'm only talking to your because SWA either hasn't called yet or has already rejected me."

This may reduce your odds a little with other airlines, they will assume that you will leave for SWA as soon as they call you.

I highly doubt getting a Boeing 737 type will "reduce your odds" of employment! Compared to what? An ATP rating in a Mickey Mouse Piper Something at a weekend diploma mill?

Won't all 121 carriers require an ATP starting 2012?

If you explained that you had to do the ATP anyway, and just chose the 73 you would probably be OK. But somebody who already has an ATP and acquires a 73 type is assumed to prefer SWA.

Agreed. Also a type with no time-in-type is worthless to all but SWA. Get the ATP, avoid "buy your job" airlines like SWA.