Hi, OP -
An interesting question.
I think the most important thing is: does the applicant see themselves primarily as a designer or primarily as an engineer? Obviously there is some crossover.
It appears at first glance that this programme only partly satisfies the educational requirements for Chartered Engineer status. That may not matter for a career in design. Because Strathclyde has an excellent reputation in engineering, I expect the technical aspects of the training will be very strong, which is important. The links with industry look very good. All of this should lead to good employability outcomes.
Plenty of engineers are not chartered, either, but for some pathways it is definitely helpful. If I saw myself primarily as an engineer, I would choose one of Strathclyde’s excellent engineering programmes rather than close those pathways off. If I was besotted by this programme I would email the admissions tutors to get the details regarding the Ch Eng status. They should be happy to answer this kind of question.
MEng programmes are a hybrid degree. You can go into graduate schemes, many jobs requiring an MSc, or (in my field) you can go directly into a PhD. The one thing you cannot do is an MSc in the same field, because you have already done a full complement of the course modules for the degree - the MEng has a less intense project/dissertation component than a full MSc.