Analysis
A $47,670 starting salary—roughly the national median for physics bachelor's degrees—paired with manageable debt creates a workable foundation, though this estimate from comparable programs nationwide doesn't capture what makes Denison distinctive. The school's 17% admission rate and 1395 average SAT suggest a selective environment where physics majors might develop stronger research connections and graduate school preparation than the national average implies. Similar programs across Ohio show higher first-year earnings around $53,500, which raises questions about whether Denison's liberal arts focus translates differently into immediate career outcomes versus long-term trajectories.
The debt-to-earnings ratio below 0.5 looks reasonable on paper, but remember these are both estimates derived from peer institutions rather than actual Denison graduate outcomes. Physics majors often pursue graduate degrees where the real earnings potential emerges—making that first-year number less telling than it would be for immediately career-focused fields. The relatively low Pell Grant percentage (13%) suggests most families here can absorb higher costs if needed, though that doesn't make overpaying smart.
For a physics degree at a selective liberal arts college, track whether your child plans graduate school or direct employment. If it's the latter, programs showing actual earnings above $50,000 (like Ohio State's reported figure) might offer clearer value. If it's graduate school, Denison's research opportunities and faculty attention matter more than these estimated starting salaries.
Where Denison University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Ohio
Physics bachelors's programs at peer institutions in Ohio (37 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,000 | $47,670* | — | $23,120* | — | |
| $12,859 | $53,504* | $72,007 | $23,357* | 0.44 | |
| 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 Denison University, approximately 13% 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.