Est. Earnings (1yr)
$57,457
Est. from national median (8 programs)
Est. Median Debt
$24,250
Est. from national median (6 programs)

Analysis

Engineering physics graduates from peer programs nationally earn around $57,000 in their first year—a respectable starting point, though not the engineering premium many families expect. The estimated debt load of $24,250 translates to a manageable debt-to-earnings ratio of 0.42, meaning graduates would owe roughly 40 cents for every dollar they earn initially. This positions the program as financially viable compared to many STEM fields, though the lack of school-specific data makes it difficult to assess how New Mexico State's particular strengths in research or industry connections might affect these outcomes.

What complicates the picture here is that engineering physics sits at an unusual intersection—more theoretical than traditional engineering, more applied than pure physics. Graduates often need graduate school to fully capitalize on the degree, which would add debt and delay earnings. The $57,000 estimate reflects bachelor's-only outcomes, but career trajectories in this field vary enormously depending on whether students move toward industry roles, research positions, or further education. New Mexico State serves a substantial population of Pell-eligible students, which suggests strong commitment to accessibility, but families should understand they're entering a program where outcomes depend heavily on how their student leverages the degree.

The bottom line: If your child is genuinely passionate about the physics of engineering problems and willing to be strategic about internships or graduate school, the estimated financial picture suggests reasonable value. But without program-specific data, verify placement rates and career paths with the department directly.

Where New Mexico State University-Main Campus Stands

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

Compare to Similar Programs Nationally

Engineering Physics bachelors's programs at top institutions nationally

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SchoolIn-State TuitionEarnings (1yr)*Earnings (4yr)Median Debt*Debt/Earnings
New Mexico State University-Main CampusLas Cruces$8,147$57,457*$24,250*
Colorado School of MinesGolden$21,186$72,858*$87,900$21,500*0.30
University of Wisconsin-PlattevillePlatteville$8,315$68,379*$75,848$27,000*0.39
University of Illinois Urbana-ChampaignChampaign$16,004$64,304*$92,842$20,136*0.31
Murray State UniversityMurray$9,708$58,025*$67,485$19,521*0.34
Embry-Riddle Aeronautical University-Daytona BeachDaytona Beach$42,304$56,889*$23,667*0.42
National Median$57,457*$24,706*0.43
* Estimated from similar programs

Career Paths

Occupations commonly associated with engineering physics graduates

Architectural and Engineering Managers

Plan, direct, or coordinate activities in such fields as architecture and engineering or research and development in these fields.

$167,740/yrJobs growth:Bachelor's degree

Biofuels/Biodiesel Technology and Product Development Managers

Define, plan, or execute biofuels/biodiesel research programs that evaluate alternative feedstock and process technologies with near-term commercial potential.

$167,740/yrJobs growth:Bachelor's degree

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

Engineering Teachers, Postsecondary

Teach courses pertaining to the application of physical laws and principles of engineering for the development of machines, materials, instruments, processes, and services. Includes teachers of subjects such as chemical, civil, electrical, industrial, mechanical, mineral, and petroleum engineering. Includes both teachers primarily engaged in teaching and those who do a combination of teaching and research.

$83,980/yrJobs growth:

Engineers, All Other

All engineers not listed separately.

Energy Engineers, Except Wind and Solar

Design, develop, or evaluate energy-related projects or programs to reduce energy costs or improve energy efficiency during the designing, building, or remodeling stages of construction. May specialize in electrical systems; heating, ventilation, and air-conditioning (HVAC) systems; green buildings; lighting; air quality; or energy procurement.

Mechatronics Engineers

Research, design, develop, or test automation, intelligent systems, smart devices, or industrial systems control.

Microsystems Engineers

Research, design, develop, or test microelectromechanical systems (MEMS) devices.

Photonics Engineers

Design technologies specializing in light information or light energy, such as laser or fiber optics technology.

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 New Mexico State University-Main Campus, approximately 40% 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 8 similar programs. Actual outcomes may vary.