That's a bit of a charcacture of Course 6 at MIT. Course 10 is chemical engineering and plenty of them go into industry at all the major oil companies. Lots of MIT students go into aerospace and defense (Lincoln Labs is directly federally funded) and MIT holds a yearly Soldier Design Competition that also helps students go for SBIRs. Raytheon is a big hirer of course 2 (MechE) MIT grads.