<p>I assume you are referring to colleges that some designate as liberal arts colleges but also have an engineering school (which strictly speaking means they are not true liberal arts colleges), examples being Harvey Mudd, Lafayette, and Smith . Harvey Mudd is considered one of the better engineering schools in the nation. Smith’s program (for women) is fairly new but it has received favorable reviews. I do not know much about Lafayette and others in that realm. I do not believe it is a real disadvantage to future employment but you can probably expect that if you go to MIT, Caltech, or other very high rated engineering program your employment choices might be somewhat better coming out.</p>