Analysis
Amherst's physics program likely produces outcomes in line with Massachusetts norms—peer programs across the state suggest first-year earnings around $49,400 against roughly $23,100 in debt. That 0.47 debt-to-earnings ratio means graduates would owe less than half their first-year salary, a manageable starting point for a science credential. The estimated debt figure comes from national data for similar selective liberal arts colleges, which tend to offer strong financial aid; Amherst's 22% Pell enrollment suggests they're working to make their education accessible despite the 10% admission rate.
What's harder to gauge is whether Amherst's physics graduates follow the state pattern or outperform it. MIT's reported $54,800 shows what's possible at the top end in Massachusetts, but selective liberal arts colleges emphasize different strengths than research universities—smaller classes, undergraduate focus, preparation for graduate school. Physics majors from these environments often pursue advanced degrees before their earnings potential fully materializes, which wouldn't show up in first-year numbers.
The financial picture appears sound based on comparable programs, but you're investing in Amherst's broader educational model without program-specific outcome data. If your child is considering graduate school in physics or a related field, the estimated debt load shouldn't derail those plans. If they're planning to work immediately after graduation, the state benchmark suggests a starting salary that makes the debt serviceable, though not spectacular.
Where Amherst College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Massachusetts
Physics bachelors's programs at peer institutions in Massachusetts (31 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $67,280 | $49,399* | — | $23,120* | — | |
| $60,156 | $54,773* | $166,156 | $18,500* | 0.34 | |
| $63,141 | $49,399* | — | $26,797* | 0.54 | |
| $16,570 | $48,324* | — | $22,177* | 0.46 | |
| National Median | — | $47,670* | — | $23,304* | 0.49 |
Career Paths
Occupations commonly associated with physics graduates
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Physics Teachers, Postsecondary
Secondary School Teachers, Except Special and Career/Technical Education
About This Data
Source: U.S. Department of Education College Scorecard (October 2025 release)
Population: Graduates who received federal financial aid (Title IV grants or loans). At Amherst College, approximately 22% of students receive Pell grants. Students who did not receive federal aid are not included in these figures.
Earnings: Median earnings from IRS W-2 data for graduates who are employed and not enrolled in further education, measured 1 year after completion. Earnings are pre-tax and include wages, salaries, and self-employment income.
Debt: Median cumulative federal loan debt at graduation. Does not include private loans or Parent PLUS loans borrowed on behalf of students.
Estimated Earnings: Actual earnings data is not available for this program (typically due to privacy thresholds when fewer than 30 graduates reported earnings). The estimate shown is based on the median of 3 similar programs in MA. Actual outcomes may vary.