Analysis
NC State's physics program ranks at just the 10th percentile among North Carolina physics degrees—a surprising position for a flagship public research university. While the $43,740 starting salary sits close to the national average, it falls significantly short of the state's median of $62,647 for physics graduates. UNC Charlotte physics graduates, for instance, earn $70,150 in their first year, more than 60% higher than NC State's figure.
The debt load of $23,490 is reasonable and typical for the program, yielding a manageable 0.54 debt-to-earnings ratio. The puzzle here isn't about excessive debt—it's about why graduates from a respected STEM institution with a 1380 average SAT score are starting at such relatively low salaries compared to their in-state peers. This could reflect differences in where graduates take their first jobs, career paths chosen, or timing of employment data collection, but the gap is too large to ignore.
For North Carolina families considering physics programs, this data suggests looking carefully at peer institutions within the state. If your child is admitted to both NC State and UNC Charlotte or Chapel Hill for physics, the earnings differential appears substantial enough to warrant serious consideration, even accounting for any differences in total cost of attendance.
Where North Carolina State University at Raleigh Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Distribution
How North Carolina State University at Raleigh graduates compare to all programs nationally
Compare to Similar Programs in North Carolina
Physics bachelors's programs at peer institutions in North Carolina (21 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $8,895 | $43,740 | — | $23,490 | 0.54 | |
| $7,214 | $70,150 | — | $28,750 | 0.41 | |
| $8,989 | $62,647 | — | $19,200 | 0.31 | |
| 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 North Carolina State University at Raleigh, approximately 19% 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 30 graduates with reported earnings and 38 graduates with debt data. Small samples may not be representative.