Analysis
Davidson's physics program appears positioned right at North Carolina's median for this field, with estimated first-year earnings around $62,650—substantially above the national benchmark of $47,670. While these figures are based on comparable programs rather than Davidson's specific outcomes, the state's physics graduates generally command stronger starting salaries than their national counterparts, likely reflecting the Research Triangle's concentration of tech and research employers.
The estimated debt load of $23,120 creates a manageable 0.37 debt-to-earnings ratio, meaning graduates would owe roughly four months of their first year's salary. For a highly selective liberal arts college (14% admission rate), this debt figure is notably reasonable, though it's worth remembering that Davidson's low Pell grant percentage suggests many students may be covering costs through family resources rather than loans. Physics majors from peer programs in North Carolina show considerable variation—from around $44,000 at NC State to over $70,000 at UNC Charlotte—indicating that employer networks and career services matter significantly.
The fundamentals look solid: strong estimated earnings relative to national physics programs, modest debt, and a credential from an academically rigorous institution. However, without actual reported outcomes for Davidson's physics graduates specifically, you're making this decision somewhat in the dark. If your student is genuinely committed to physics and attracted to Davidson's small-college environment, the estimated numbers suggest reasonable value, but confirming post-graduation placement patterns through the school's career services would be essential.
Where Davidson College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in North Carolina
Physics bachelors's programs at peer institutions in North Carolina (21 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $60,300 | $62,647* | — | $23,120* | — | |
| $7,214 | $70,150* | — | $28,750* | 0.41 | |
| $8,989 | $62,647* | — | $19,200* | 0.31 | |
| $8,895 | $43,740* | — | $23,490* | 0.54 | |
| 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 Davidson College, approximately 17% 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 NC. Actual outcomes may vary.