Analysis
Physics graduates from Oregon's small liberal arts colleges face an unusual market reality: their first-year earnings, based on data from comparable programs statewide, lag significantly behind what public research universities deliver. While Lewis & Clark's estimated $48,000 first-year salary aligns with the state median, Portland State reports actual outcomes nearly 30% higher at $63,000. That's a substantial gap for the same credential in the same metro area.
The estimated $23,000 in debt sits slightly below national norms for physics programs, which helps soften the value equation. A debt-to-earnings ratio under 0.5 suggests manageable repayment, though this assumes your child lands employment close to the state median rather than at the lower end of the range. The real question is whether Lewis & Clark's smaller class sizes and undergraduate research opportunities translate into graduate school acceptances or industry connections that could accelerate earnings growth beyond what these first-year figures capture.
For families weighing this investment, recognize that you're betting on outcomes that may differ considerably from these peer-program estimates. If your child is graduate-school bound, the liberal arts environment might serve them well regardless of initial salary. But for those planning to work immediately after graduation, understanding why Portland State's physics graduates earn 30% more—and whether your child could access that path instead—deserves serious attention before committing.
Where Lewis & Clark College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Oregon
Physics bachelors's programs at peer institutions in Oregon (11 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $62,350 | $48,169* | — | $23,120* | — | |
| $11,238 | $62,749* | $83,259 | $29,070* | 0.46 | |
| $13,494 | $48,169* | — | $25,410* | 0.53 | |
| $12,594 | $48,169* | — | $25,410* | 0.53 | |
| 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 Lewis & Clark 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 3 similar programs in OR. Actual outcomes may vary.