Analysis
Based on what similar physics programs nationally suggest, Emory graduates can expect around $48,000 in first-year earnings—squarely in the middle of what bachelor's-level physicists typically make. The estimated $23,000 in debt puts the debt-to-earnings ratio at 0.49, meaning graduates would owe roughly half their first-year salary. That's manageable territory for a STEM degree, though it's worth noting that physics programs in Georgia show wild variation: Georgia College physics grads reportedly earn $62,000 while Georgia State's earn just $31,000, suggesting that institutional factors or career paths matter significantly.
The challenge here is that we're working entirely from estimates—the actual graduate cohort from Emory's physics program was too small for the Department of Education to report specific outcomes. For a highly selective school (11% admission rate, 1507 average SAT), you might reasonably expect outcomes above the national median, but we simply don't have that confirmation. Physics is also a degree where many students continue to graduate school, which could explain both the small sample size and why first-year earnings don't fully capture the degree's value.
If your child is genuinely committed to physics and Emory's research opportunities or graduate school preparation justify the investment, the estimated debt level isn't prohibitive. But recognize you're placing significant trust in Emory's brand and program quality without hard data on where their physics graduates actually land.
Where Emory University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Georgia
Physics bachelors's programs at peer institutions in Georgia (20 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $60,774 | $47,670* | — | $23,120* | — | |
| $8,998 | $62,478* | — | —* | — | |
| $8,478 | $31,001* | $50,281 | $26,296* | 0.85 | |
| 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 Emory University, approximately 18% 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.