Analysis
Physics graduates from small liberal arts colleges face a challenging early career market, and comparable programs nationally suggest first-year earnings around $48,000—modest for a rigorous STEM degree. While this aligns with national physics bachelor's outcomes, it falls well short of what Indiana's flagship program reports at $30,000 (which itself seems surprisingly low and may reflect unique data limitations). The estimated debt load of $23,000 translates to a manageable 0.49 debt-to-earnings ratio, meaning graduates would owe roughly half their first-year salary.
The real question is trajectory. Physics bachelor's degrees often serve as stepping stones to graduate school or specialized training rather than immediate career endpoints. If your student plans to stop at the bachelor's level and enter the workforce directly, peer programs suggest they'll start at middle-class wages that may feel underwhelming given the degree's difficulty. The accessible admission rate (91%) and strong Pell enrollment (44%) indicate Manchester serves students who might not access physics education elsewhere, which has value beyond pure earnings metrics.
The core uncertainty here is whether Manchester's specific outcomes match these peer estimates or diverge significantly. For families banking on physics as a direct route to high earnings, this estimated picture suggests tempering expectations—at least for the first few years post-graduation.
Where Manchester University 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 |
|---|---|---|---|---|---|
| $37,090 | $47,670* | — | $23,120* | — | |
| $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 Manchester University, approximately 44% 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.