In terms of placement, they probably place about the same. My heavily-opinionated observations below, so please take with a grain of salt...
A handful of better business communicators, kids who interview well, will land summer internship offers from the large sell-side firms and a couple big-name buy-side firms before Christmas. The quantity of these positions is not that large (probably <100 positions spread across the banks, hedge funds, prop trading firms, other asset managers targeting financial engineering students), so the top students in Columbia/NYU/MSCF/Princeton/MIT/Berkeley get offers during this time.
The rest (probably 60-70%) will end up looking throughout Jan-Apr, going through a bunch of interviews for smaller sellside/buyside firms, or mutual fund/pension fund-like asset managers, or fintech firms like Bloomberg, Reuters for positions that often don't need financial engineering. One thing students don't seem to realize is that aside from risk or derivatives-pricing quant roles (which there are few), most roles aren't really heavy math/quant. Many are more data science-like now, so you're not only competing against MFE, IOER, MAFN, Finance students, but also Data Science (Machine Learning), Computer Science, and Statistics students. It's not even limited to graduate school competition. At the end of the day, an entry level role requires a lot of investment and training from the firm, and if a kid from a decent undergrad with a good GPA and decent dataset-wrangling experience can do the job, with no need for work visa sponsorship, that kid will be preferred for the internship and subsequent full-time position. Lower salary, better business communication, no work sponsorship risk with this administration. The pool of competition seems rather tough right now given the size of all the university's many quant or statistics-related programs. Every student sitting in a machine learning or data structures and algorithms, or even a statistics course with a smidgeon of interest in finance is vying for the same quant-related roles.
Placement comes down to you individually -- are you good at interviewing? If you're shy and/or have poor spoken/written English, you'll probably still be looking for internships come March.
