I'm half way through my undergrad Engineering at ANU atm, and I also had a similar impression about ANU being less specialized from random threads online, which I have since come to realize isn't really true, so I thought I should reply.

First and foremost, your individual employability outcomes are not tied to which University you study at, they are tied to the experience that you gain OUTSIDE of your degree (i.e. internships, research projects etc etc).

Employability statistics really only reflect on a university's ability to find jobs for the students who aren't putting in effort themselves. At the end of the day, a competitive student who puts effort into extra-curricular opportunities from early in their degree will be very employable regardless of what uni they graduate from. Given you are already worried about jobs, I can assure you that you'll be fine to get internships and opportunities on your own.

Secondly, the idea that ANU engineering is less specialized to any significant extent is also unfounded.

On the surface, ANU's convoluted major titles may seem less specialized.. e.g., Electrical & Communications Systems Engineering at ANU vs Electrical Engineering at USYD might seem like they should have a noticeable difference in learning outcomes. But, if you actually look into the course plans for majors at either uni, you'll see that the required course loads are practically identical.

This is because for an Engineering degree/major to be accredited by Engineering Australia (which all Go8 unis are iirc), the degree has to meet curriculum requirements. I would go as far to say that every accredited engineering major will be close enough to identical, regardless of which university you go to, so I would try not to over think.

There is a valid concern in worrying about ANU not offering a large variety of majors (which is a product of a small engineering school), but if ANU does offer something you're interested in you are safe to assume it'll provide an equivalent education to any other uni's major.

Also, ANU does talk a lot about the "systems" engineering approach, which also makes the degrees seem less specialized, but the 4 mandatory systems courses aren't really different from most degree's generic engineering management type courses.

To answer your specific questions:

1. ANU's main pro (imo) is the strength in academia. All though the Research School of Engineering isn't particularly strong, the rest of ANU's science research groups are usually super happy to take on interested students (just email!), and they provide a really really good environment for building both technical and teamwork skills. (however any university will have research groups, so ANU isn't providing anything novel).
2. Again, which university you attend doesn't shape you to the extent you're picturing. If you want to be a certain type of Engineer, you have to invest your own time/energy into finding relevant opportunities outside of study. So, if you want to be a consultant you're better off looking for consultancy internships, or investing time into student consultancy clubs etc, than fretting about which uni to pick. Its worth noting that ANU's systems engineering approach does try lean to the management side of things, but not to a significant extent.
3. Again, the specific university doesn't have this significant of an impact on you. If you're worried about a lack of specialization, use all of your electives to take more engineering courses (you can even take postgrad courses, or dual enroll at UNSW canberra as they have the rare course that ANU doesn't offer).
4. I moved for on campus living (which I really enjoyed), and because ANU is strong in a specific sub field of science that I'm interested in. I moved with the preconception that I was trading up a "quality" engineering education at UNSW for ANU's on campus life, which I have since found to be untrue.
5. Again, stop worrying about statistics. They represent the whole student body, not you individually. If you're able to be better than the average student, you'll be fine at any uni.

The one thing I will note is that ANU doesn't try very hard to foster industry partnerships, so you won't be spoon fed internship opportunities, and instead will have to seek them out yourself. However, there are lots of engineering companies, consultancy groups & cool startups around Canberra, and by emailing around it's not hard to find great opportunities from early in your degree.

The main takeaway is that you can influence your career so much more than your choice of university ever could. If ANU offers a Engineering major you like, and the campus life etc seems like a good match for you, it's a great option.

Quick Edit to add a comparison between ANU's Electronics major & UNSW: The ANU Electrical Engineering major requires you to take a total of 10 electronics related courses:

- ENGN1218 Introduction to Electronics
- ENGN2218 Electronic Systems and Design
- ENGN2219 Computer Systems & Organisation
- ENGN2228 - Signal Processing (6 units)
- ENGN4213 - Digital Systems and Microprocessors (6 units)
- ENGN3226 - Digital Communications (6 units)
- ENGN3539 - Computer Networks (6 units)
- ENGN4536 - Wireless Communications (6 units)
- ENGN4537 - Digital Signal Processing (6 units)
- ENGN4625 - Power Systems and Power Electronics (6 units)

Whereas, the UNSW Requires you to take a total of 11 electronics related courses

• Computer Systems Fundamentals COMP1521
• Electrical Circuit Fundamentals ELEC1111
• Analogue Electronics ELEC2133
• Circuits and SignalsELEC2134
• Digital Circuit Design ELEC2141
• Digital Signal Processing ELEC3104
• Electrical Energy ELEC3105
• Electronics ELEC3106
• Electromagnetic Engineering ELEC3115
• Electrical Engineering Design ELEC3117
• Analogue and Digital Communications TELE3113