Analysis
Physics graduates from peer programs nationally earn around $47,670 in their first year—a figure that trails the Illinois state median of $51,019 by about $3,300. For a rigorous STEM degree from a focused technical institution like Illinois Tech, this starting salary might surprise parents expecting a stronger immediate return. The estimated debt load of $23,120 suggests a manageable burden, with graduates needing to allocate roughly half their first-year income to debt—not crushing, but not negligible either for a field where many students continue to graduate school.
What complicates the picture is that we're working entirely with estimates here, since this program's actual outcomes aren't publicly reported due to small cohort sizes. Similar physics programs nationally cluster around these figures, but Illinois Tech's specialized engineering focus and Chicago location could push outcomes higher—or the program's relatively small physics cohort might reflect limited career support resources compared to larger state schools. The nearby comparison point is UIUC's $51,019, suggesting Illinois physics majors can do better than the national baseline.
For parents weighing this option: the debt burden appears reasonable, but the estimated earnings lag behind state peers enough to warrant direct questions to Illinois Tech's career services about physics-specific placement rates and whether graduates typically pursue graduate study. A physics degree from a respected technical school should command more than the national median—ensure this program delivers on that expectation before committing.
Where Illinois Institute of Technology Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Illinois
Physics bachelors's programs at peer institutions in Illinois (32 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $51,763 | $47,670* | — | $23,120* | — | |
| $16,004 | $51,019* | $60,090 | $20,500* | 0.40 | |
| 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 Illinois Institute of Technology, approximately 29% 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.