Hello,

It was established in 1969 and is one of the oldest Engineering branches in Manipal. It has got its reputation ( we have our own building :p ). 

I can say that Faculty is not 100% best, not more than 4 to 5 professors are good with their subjects. Professors are really good and are ready to help you. 

Course structure is pretty good and equivalent to BITS ( HOD used to be from BITS).   

Excellent Chemical Engineering laboratories - Mass Transfer, Heat Transfer and a State of the art Process Control lab. 

Computer lab equipped with all the engineering software - CAD, Aspen, Matlab.  

Practice School Policy - Students can do their final year projects outside the institution. like - CSIR labs, Honeywell etc.,

Coming to the important section placements - If your goal is to get a job in service/IT industry then it's not a big deal. MIT doesn't have any sustainable relations with process industries so it's a challenge to find core chemical industries in the placement list. To my knowledge, these are the companies I've seen during my 4 years of chemE at manipal :
 - Jindal steels 
 - Grasim textiles 
 - Reliance  ( 8 and above cgpa,recruited 5 chemEs from 2012 batch )
 - Mangalore refinery

Hope this helps you.

Good luck