Analysis
Physics bachelor's programs in Minnesota typically see first-year earnings around $54,350, suggesting that graduates from comparable programs at Minnesota State-Mankato might start somewhat below the state median. The estimated $47,670 figure aligns with the national baseline but trails what University of Minnesota-Twin Cities physics graduates report by about $7,000. This gap matters for a field where advanced degrees are often necessary for the most lucrative career paths, and starting lower can compound over time.
The estimated debt load of $23,424 falls right in line with what physics students nationally carry—a reasonable burden given that first-year earnings nearly double the debt amount. With a 0.49 debt-to-earnings ratio, the financial fundamentals look manageable compared to many STEM programs where debt can easily eclipse a full year's salary. However, the real question is whether this program positions students competitively for graduate school or technical roles that leverage physics training.
For families weighing this decision: the modest admission standards and absence of reported outcomes data suggest this may be a smaller program without the research infrastructure or placement track record of flagship universities. If your student is serious about physics—particularly if graduate school is likely—the regional differences in starting salaries and program resources warrant direct conversations with the department about graduate school acceptance rates and employment outcomes for recent cohorts.
Where Minnesota State University-Mankato Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Minnesota
Physics bachelors's programs at peer institutions in Minnesota (21 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $9,490 | $47,670* | — | $23,424* | — | |
| $16,488 | $54,350* | $57,831 | $23,594* | 0.43 | |
| 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 Minnesota State University-Mankato, 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.