Rankings for e-schools is tough. UVa's program is very, very solid, but it's on the smaller side of top programs, which brings it down a tad. But, it's still top 30. And UVa is top 25 overall. Overall, it can't be that bad

As far as job placement goes, I had an internship last summer and will this summer without a problem for either. And job placement after graduation is very high, largely due to the fact that SEAS hosts two career fairs (fall/spring) and the career center is very, very helpful. Top eng. companies like Lockhead Martin, GE, IBM, etc all recruit here, as well as smaller firms looking for fresh people. Other top companies outside engineering (investment banking, management, etc) also recruit the College/McIntire, so there's plenty of opportunities outside engineering as well.
Try searching the thread for jobs and see what comes up, this is a popular topic...