When it comes to employment in engineering, accreditation is important. The Accrediting Board of Engineering Technology (ABET) has accredited the ME program at NYU Tandon on the main campus. There is another, but related, area of studies in Aerospace Engineering in which they are not accredited. As long as your degree is a BS in ME, Employment should not be a problem.
For the Tandon’s employment report see http://engineering.nyu.edu/data/ABETData.html