The Ivies have never been particularly well-known for their engineering programs, AFAIK.
There’s a reason for that: engineering and hard science doesn’t give a rat’s rear end who you know, who your daddy knows, how big your mommy and daddy’s checking balance is, or whether your family is politically connected. Hard science and engineering care only whether you know the facts, can do the work, etc.
And from what I’ve seen, Ivy League grads, with the possible exceptions of Princeton and Dartmouth, prefer to trade on their connections rather than their skills.
Harvard is especially guilty of this.
I won’t even bother going into some of the absurdly over-inflated stuff I’ve seen in the process of due diligence for M&A in the valley on companies started by Stanford grads and professors, because they’re not technically Ivy, but their attitude of entitlement is right up there with the blue-blood schools.
Give me engineers out of small engineering schools, land grant universities like Texas A&M or the military academies - any day.