Analysis
A physics bachelor's degree from Indiana University-Indianapolis faces an unusual data challenge: too few graduates for the Department of Education to report actual outcomes. The estimates we have—$47,670 in first-year earnings and $23,424 in debt—come from national medians across similar physics programs, not from tracking IU Indianapolis graduates specifically. That national benchmark sits substantially higher than Indiana's own median of $30,203 for physics degrees, and even Purdue's reported figure matches that lower state average. Whether IU Indianapolis actually delivers outcomes closer to the national norm or the state norm remains unclear without real data.
The debt-to-earnings ratio of 0.49 looks manageable on paper, assuming those national estimates hold true for this campus. Physics graduates typically move into fields where technical skills command decent starting salaries, making sub-$25,000 debt serviceable. But the gap between state and national figures for physics earnings is striking—nearly $17,000—and suggests that not all physics programs deliver similar returns. Given that this campus admits 81% of applicants and serves a substantial population of Pell-eligible students, it's worth questioning whether graduates here follow the higher national trajectory or something closer to other Indiana schools.
The practical takeaway: you're evaluating a program based on proxy data that might overstate or understate actual outcomes. If your child is serious about physics, request placement data directly from the department—where graduates work, what roles they fill, typical starting salaries. Without that, you're essentially betting on assumptions.
Where Indiana University-Indianapolis Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $10,449 | $47,670* | — | $23,424* | — | |
| $9,992 | $30,203* | — | $21,948* | 0.73 | |
| 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 Indiana University-Indianapolis, approximately 36% 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.