Median Earnings (1yr)
$33,400
14th percentile (25th in MI)
Median Debt
$27,000
16% above national median
Debt-to-Earnings
0.81
Manageable
Sample Size
31
Adequate data

Analysis

Michigan State's physics program shows a troubling disconnect between initial outcomes and national benchmarks. While first-year earnings of $33,400 fall well below the national median of $47,670, the real concern is that this represents the 25th percentile among Michigan physics programs—meaning three-quarters of comparable in-state options deliver better early outcomes. For context, University of Michigan physics grads start at $53,019, nearly 60% higher, highlighting how much Michigan State underperforms relative to the flagship program just an hour away.

The trajectory does improve dramatically—earnings jump 78% to nearly $60,000 by year four, eventually surpassing both state and national medians. The modest $27,000 debt load is actually a bright spot here, keeping the debt-to-earnings ratio manageable even during that difficult first year. This suggests the program produces capable physicists who need time to transition into appropriate roles, whether in research, industry, or graduate school paths.

Parents should view this as a delayed-payoff investment. If your child plans to pursue graduate studies or can weather several years of below-market earnings, the low debt provides flexibility. But if they need strong immediate earnings—especially compared to other Michigan options—this program's slow start is a significant drawback worth weighing against admission to higher-performing alternatives.

Where Michigan State University Stands

Earnings vs. debt across all physics bachelors's programs nationally

Michigan State UniversityOther physics programs

Programs in the upper-left quadrant (high earnings, low debt) offer the best value. Programs in the lower-right quadrant warrant careful consideration.

Earnings Distribution

How Michigan State University graduates compare to all programs nationally

Michigan State University graduates earn $33k, placing them in the 14th percentile of all physics bachelors programs nationally.

Earnings Over Time

How earnings evolve from 1 year to 4 years after graduation

Earnings trajectories vary significantly. Some programs show strong early returns that plateau; others start lower but accelerate. Consider where you want to be at year 4, not just year 1.

Compare to Similar Programs in Michigan

Physics bachelors's programs at peer institutions in Michigan (25 total in state)

SchoolEarnings (1yr)Earnings (4yr)Median DebtDebt/Earnings
Michigan State University$33,400$59,536$27,0000.81
University of Michigan-Ann Arbor$53,019$73,202$22,2500.42
National Median$47,670—$23,3040.49

Other Physics Programs in Michigan

Compare tuition, earnings, and debt across Michigan schools

SchoolIn-State TuitionEarnings (1yr)Debt
University of Michigan-Ann Arbor
Ann Arbor
$17,228$53,019$22,250

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 Michigan State 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.

Sample Size: Based on 31 graduates with reported earnings and 43 graduates with debt data. Small samples may not be representative.