Back in the 1970s there were numerous independent watch repair shops and watch repair schools. Once the major Swiss factories figured out that they could extort their customers by refusing to sell replacement parts and threatening to cancel the warranties, if anyone except the factory opened the watch, the independent watch repair shop was doomed to extinction. This also spelled the end of the line for most of the watch schools and apprenticeships. The watch schools now are financed by the major watch factories (Swatch, Rolex etc.) to train people to work in their facilities. Unfortunately, although the schools are excellent, the factory job can't begin the provide the variety of challenges that can be learned from an independent repair shop. A student can graduate from a fine watch school and end up spending years black polishing balance cocks or loading staffs and balance wheels into a pneumatic staking press. In my view most of the interesting challenges are in the amateur sector repairing and restoring watches as a hobby.
That said, the BHI course is one of the last home study accredited horological institutions that will offer their program to someone wishing to pursue watch restoration and repair as a hobby or even a part time business.
david