Analysis
A debt-to-earnings ratio under 0.5 is encouraging, but the estimated $47,670 first-year salary for Johns Hopkins physics graduates falls surprisingly short of what you might expect from one of the nation's most selective universities. Peer physics programs nationally suggest similar earnings, and even Salisbury University reports higher starting salaries at $54,548. With an 8% admission rate and average SAT scores above 1550, JHU attracts exceptional students who might reasonably expect their credentials to command a premium—yet the comparable program data doesn't support that assumption, at least not immediately after graduation.
The estimated $23,120 in debt aligns closely with national and state medians for physics programs, making the financial burden itself unremarkable. What matters more is the opportunity cost: physics majors at elite institutions often pursue graduate school or research positions that may temporarily depress earnings but lead to stronger long-term outcomes. If your child plans to stop at a bachelor's degree and enter the workforce directly, these estimates suggest the JHU premium may not materialize right away.
The key question is whether this program serves as a stepping stone to something more valuable. For students heading to prestigious PhD programs or specialized research careers where the JHU name carries weight, modest initial earnings may be acceptable. But if the goal is immediate financial return on a bachelor's degree, similar programs elsewhere—even in Maryland—appear to deliver comparable or better results without the competitive admission hurdles.
Where Johns Hopkins University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Maryland
Physics bachelors's programs at peer institutions in Maryland (15 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $63,340 | $47,670* | — | $23,120* | — | |
| $10,638 | $54,548* | $73,937 | $23,750* | 0.44 | |
| $11,505 | $39,825* | $77,164 | $20,194* | 0.51 | |
| 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 Johns Hopkins University, approximately 20% 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.