The better corporate flight departments type both pilots, as do the fractionals (or used to). The insurance companies still want to see some time in type, though, before they will allow a newly typed pilot to serve as PIC.
I had 2100TT/300 Jet SIC when I got my first type (Westwind). It was challenging, but entirely doable.
BTW, an airline type rating is more expensive than someone had listed. My syllabus for the B717 was 16 hours of non-motion sim (FTD) and 40 hours of Level D sim . . . and that was for a FO Initial. I believe our sims cost around $600./ hour, so the sims alone were about $16,000. for an FO, plus six weeks in a hotel in MIA, a rental car, salary and perdiem . . . or about the same as my corporate Westwind Type rating at Simuflite.
Bottom line- the better corporate flight departments will type you off the bat, while the Crappier places (read- battered pilot shelter posing as a flight department) will give you traiing in the airplane and claim it is "better than simulator trainng".