Analysis
A debt-to-earnings ratio below 0.5 typically signals manageable borrowing, and with an estimated $23,120 in debt against first-year earnings around $47,670, Bowdoin's physics program appears to fit that profile—though these figures come from national peer programs rather than Bowdoin's own graduates. What complicates the picture is that Bowdoin's 8% admission rate and 1514 average SAT score suggest a student body likely to outperform typical physics graduates nationally. The question is whether that edge translates into meaningfully better starting salaries or faster career progression, particularly given Maine's smaller STEM job market compared to tech-heavy states.
Physics degrees often serve as springboards to graduate school, specialized fields like data science, or engineering roles where earnings accelerate substantially after year one. If your child is using this as pre-PhD preparation or plans to leave Maine for opportunities in Boston or beyond, comparable programs nationwide suggest the debt load won't be crushing. However, if the plan is immediate employment in Maine's limited physics job market, the estimated first-year salary may prove optimistic.
The real uncertainty here is whether Bowdoin's selectivity and network justify confident expectations above these peer-program estimates. With no reported outcomes available, you're essentially betting on institutional prestige translating to stronger placement—a reasonable bet for an elite liberal arts college, but one without hard numbers to back it up for this specific major.
Where Bowdoin College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs Nationally
Physics bachelors's programs at top institutions nationally
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,910 | $47,670* | — | $23,120* | — | |
| $7,214 | $70,150* | — | $28,750* | 0.41 | |
| $6,496 | $68,664* | $76,268 | —* | — | |
| $66,104 | $68,215* | — | —* | — | |
| $50,920 | $65,316* | — | $23,250* | 0.36 | |
| $7,439 | $64,045* | $51,682 | $23,000* | 0.36 | |
| 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 Bowdoin College, approximately 16% 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 national median of 75 similar programs. Actual outcomes may vary.