When you look at the rankings of world universities the judgement is mostly by research output, not quality of education (though I think an MIT education is great, for the right students).
MIT is a large research organization with a small school attached: tuition revenue is less than 10% of MIT’s total revenue and education is about 15% of expenses though the web site mixes it in with other activity to make a larger number (you need the more detailed budget to dig the true number out).
Surely there are papers studying that? I'm certainly interested if you know of any.
My personal experience was the opposite - engineering degree teaching maths and how to be compliant[1] to an academic system of grading, but virtually nothing on practical engineering, causality or interpersonal skills. I have noticed the same problems in many of my academic peers. I went to a university in my country that was supposed to be an excellent engineering school.
After graduation I have met great piratical engineers with zero academic skills. Two close examples: a dyslexic friend, another who left school at 14.
[1] I think this is relevant where it talks about being taught to be compliant: "Escalation Theory: Compliance, Violence, and Overachievement In Society - How Elites Cause Crime By Acing Marshmallow Tests - Conrad Bastable" https://radicalcontributions.substack.com/p/escalation-theor...
Good compromises and independence of thought are engineering skills.
This is an exaggeration. Mathematics and physics teach you a way of thinking. Engineering another way. Chemistry, biology et al require another. Philosophy (king of the sciences) and the humanities yet another way.
FWIW MIT has a significant philosophy department and a whole school of Humanities. You can get a degree from that school, and people do. These are historians, linguists, musicians etc who also took differential equations, lab science, E&M etc