In my second year I was in Mechatronics & Management and I had roughly the same rationale as yourself for choosing it. Here at Mac, the key distinction between itself and other Mechatronics programs offered at say, U of T and Waterloo, is that it is offered through the software engineering department as opposed to being a stream within the mechanical engineering department. Thus, software theory and development is the core of this program here at Mac.
The reason why I switched out was partly due to the fact that I became very interested in the electrical side of things but felt that the extent and depth of coverage presented was not what I had hoped for. I found it very strange that the electrical courses taught were through the eng phys department and not through ECE. This is just my opinion. I have always had an interest in the bio-field and that helped me make my decision as well.
In terms of co-ops, don't expect too much considering you are still in second year and there is still much theory to go through. Software jobs are common simply because it really comes down to whether you can program or not. As you learn more practical theory in your upper years you will see that there will be a larger scope in terms of job positions that you would be able to apply for.
I didn't particularly enjoy the program, but I know of a bunch of people who are very content with where they are with no regrets.
Hope that helped, sorry for the essay...
patso29
says thanks to jp1390 for this post.
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