Analysis
Butler's physics program appears to operate in a sweet spot that many Indiana families miss. While comparable programs nationally suggest first-year earnings around $47,670, Indiana's own physics graduates typically earn just $30,203—a remarkable $17,000 gap. If Butler's outcomes track closer to the national pattern than the state average, it would represent substantial value beyond the typical Indiana physics degree.
The estimated $23,120 in debt puts the debt-to-earnings ratio at a manageable 0.49, roughly half a year's salary. That's reasonable leverage for a physics degree, particularly given Butler's strong academic profile (average SAT of 1282) and the individual attention that comes with smaller class sizes at a private university. Physics programs often produce limited data samples because they're intimate cohorts—the kind of environment where students work closely with professors and have direct access to research opportunities.
The uncertainty here cuts both ways. Butler could deliver outcomes closer to the strong national median, or it might mirror Indiana's weaker state average. For families willing to take that calculated risk, the physics fundamentals and analytical training are transferable across industries. But if your child is debt-averse or uncertain about physics specifically, Purdue offers a known quantity at comparable debt levels—though whether that translates to better individual outcomes depends entirely on fit.
Where Butler University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $45,980 | $47,670* | — | $23,120* | — | |
| $9,992 | $30,203* | — | $21,948* | 0.73 | |
| 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 Butler University, approximately 14% 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.