Analysis
Carnegie Mellon's physics program appears to underperform expectations given the institution's elite status. While the estimated $47,670 first-year salary based on national peer programs sits right at the national median, it falls conspicuously short of Pennsylvania's median of $68,215—the same figure reported by the University of Pennsylvania. For a school with an 11% admission rate and average SAT of 1545, you'd typically expect earnings closer to the top quartile ($54,488) rather than dead center nationally.
The estimated debt of $23,120 from comparable Carnegie Mellon programs looks manageable in isolation, producing a debt-to-earnings ratio of 0.49. That's less than half a year's salary, which generally signals reasonable financial risk. However, this ratio loses some appeal when you consider that physics graduates from similar programs in Pennsylvania are earning substantially more—potentially $20,000 more annually—which would make even higher debt loads more tolerable.
The gap between what Carnegie Mellon physics grads might earn versus their Pennsylvania peers raises questions about whether this program delivers value commensurate with the school's selectivity. If your child is choosing between Carnegie Mellon physics and other Pennsylvania options with reported data, request actual placement statistics and alumni outcomes from the department before committing. The prestige of the Carnegie Mellon name may not be translating to physics-specific outcomes the way it does in the school's marquee programs like computer science or engineering.
Where Carnegie Mellon University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Pennsylvania
Physics bachelors's programs at peer institutions in Pennsylvania (48 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $63,829 | $47,670* | — | $23,120* | — | |
| $66,104 | $68,215* | — | —* | — | |
| 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 Carnegie Mellon University, approximately 15% 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.