Analysis
Portland State's physics program reports exceptional outcomes—graduates earning $62,749 initially and $83,259 after four years—but there's a major caveat. With fewer than 30 graduates in the sample, these numbers might reflect a few outliers rather than typical results. That said, the pattern looks strong: earnings significantly exceed both Oregon's median ($48,169) and the national median ($47,670) for physics graduates, ranking in the 80th percentile statewide and 95th percentile nationally. The debt load of $29,070 is reasonable, translating to a debt-to-earnings ratio of 0.46—well below concerning thresholds.
The real question is whether PSU's program actually produces better outcomes or if the small sample is misleading. Physics majors from Oregon State, with much larger graduating classes, earn the state median. PSU's access mission (40% Pell grant recipients, 91% admission rate) makes these results particularly intriguing if they're real, suggesting strong preparation despite serving many first-generation and lower-income students.
For parents, here's the gamble: if these earnings represent genuine program strength, this is an excellent value. But small samples can swing wildly year to year. Before committing, ask PSU for placement data across multiple years and verify where recent physics graduates actually work. If the department can show consistent industry connections or grad school placements, the investment makes sense. If they can't explain the numbers, treat this as high-risk despite the attractive statistics.
Where Portland State University Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Distribution
How Portland State University graduates compare to all programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| Portland State University | $62,749 | $83,259 | +33% |
| Massachusetts Institute of Technology | $54,773 | $166,156 | +203% |
| University of California-Santa Barbara | $53,597 | $88,722 | +66% |
| Rensselaer Polytechnic Institute | $60,348 | $88,071 | +46% |
| University of California-San Diego | $48,951 | $77,660 | +59% |
Compare to Similar Programs in Oregon
Physics bachelors's programs at peer institutions in Oregon (11 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $11,238 | $62,749 | $83,259 | $29,070 | 0.46 | |
| $13,494 | $48,169 | — | $25,410 | 0.53 | |
| $12,594 | $48,169 | — | $25,410 | 0.53 | |
| 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 Portland State University, 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.
Sample Size: Based on 28 graduates with reported earnings and 36 graduates with debt data. Small samples may not be representative.