Est. Earnings (1yr)
$47,670
Est. from national median (75 programs)
Est. Median Debt
$23,424
Est. from national median (80 programs)

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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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
Minnesota State University-MankatoMankato$9,490$47,670*$23,424*
University of Minnesota-Twin CitiesMinneapolis$16,488$54,350*$57,831$23,594*0.43
National Median$47,670*$23,304*0.49
* Estimated from similar programs

Career Paths

Occupations commonly associated with physics graduates

Physicists

Conduct research into physical phenomena, develop theories on the basis of observation and experiments, and devise methods to apply physical laws and theories.

$166,290/yrJobs growth:Doctoral or professional degree

Natural Sciences Managers

Plan, direct, or coordinate activities in such fields as life sciences, physical sciences, mathematics, statistics, and research and development in these fields.

$161,180/yrJobs growth:Bachelor's degree

Clinical Research Coordinators

Plan, direct, or coordinate clinical research projects. Direct the activities of workers engaged in clinical research projects to ensure compliance with protocols and overall clinical objectives. May evaluate and analyze clinical data.

$161,180/yrJobs growth:Bachelor's degree

Water Resource Specialists

Design or implement programs and strategies related to water resource issues such as supply, quality, and regulatory compliance issues.

$161,180/yrJobs growth:Bachelor's degree

Physics Teachers, Postsecondary

Teach courses pertaining to the laws of matter and energy. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Secondary School Teachers, Except Special and Career/Technical Education

Teach one or more subjects to students at the secondary school level.

$64,580/yrJobs growth:Bachelor's degree
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.