Analysis
A Physics bachelor's from Ithaca College sits in an unusual spot: while comparable programs in New York suggest first-year earnings around $48,600—right at the state median—actual fourth-year data shows earnings dipping to $46,774. That backward trajectory, even if modest, raises questions about whether graduates are finding positions that utilize their physics training or whether they're cycling through lower-paying early roles. The estimated debt of $20,270 translates to a manageable 0.42 ratio, well below the concerning 1.0 threshold, but the stagnant earnings progression means that debt may not shrink as quickly as it would with typical career growth.
The program appears to perform exactly at the middle of New York's physics offerings—not commanding premiums like Rensselaer's $60,000 outcomes, but comparable to CUNY City College and above Stony Brook. What's harder to gauge is where Ithaca College physics graduates actually land career-wise. Physics degrees can lead to engineering roles, tech positions, or graduate school, and the flat earnings curve could reflect a cohort pursuing advanced degrees (which temporarily suppresses income) or struggling to convert their major into focused employment.
For parents footing a private college bill, the real question is whether this program opens doors that justify the cost over SUNY alternatives with similar outcomes. The debt is reasonable, but without clearer evidence of career momentum or graduate school placement, you're betting on physics fundamentals translating to opportunities that these estimates can't capture.
Where Ithaca College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Ithaca College | — | $46,774 | — |
| Massachusetts Institute of Technology | $54,773 | $166,156 | +203% |
| University of California-Santa Barbara | $53,597 | $88,722 | +66% |
| Rensselaer Polytechnic Institute | $60,348 | $88,071 | +46% |
| Stony Brook University | $44,562 | $69,154 | +55% |
Compare to Similar Programs in New York
Physics bachelors's programs at peer institutions in New York (66 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $50,510 | $48,641* | $46,774 | $20,270* | — | |
| $61,884 | $60,348* | $88,071 | $20,270* | 0.34 | |
| $66,014 | $50,933* | — | $15,961* | 0.31 | |
| $7,340 | $48,908* | — | —* | — | |
| $57,016 | $48,374* | — | $27,000* | 0.56 | |
| $10,560 | $44,562* | $69,154 | $21,683* | 0.49 | |
| 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 Ithaca College, approximately 19% 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 6 similar programs in NY. Actual outcomes may vary.