I guess it's like anything else, the talent at the very top of the scale (or at least perceived to be at the top of the scale) is going to command the most offers and most money. I think that would be fine with me, but the frustrating/infuriating part is it feels like an image game and NOT a meritocracy. The names on your resume (universities and workplaces) seem to matter more than your actual skills.
I've seen this at work, first-hand, too. It's hard to describe without giving away an identity, but one of my friends fell ass-backwards into Google as a semi-early employee (pre-IPO) and, on top of a sweet cash nest egg, has been rabidly recruited by everyone under the sun ever since, despite suspect engineering skill. Even went through YC. The snowball effect has been amazing to see up close.
I graduated in Electronics but it was clear for me that I liked software more, and embedded is a good compromise.
After a while, if you do ok with your job you could ask to move to more HW focused roles inside the same company.
In a way it's kind of belwildering how radically different seem to be the job hunting experience for many HW users.
You see so many posts like "I had multiple six-figure offers", or "it's impossible to find enough candidates for the position" and then you see posts like this.