Based on U.S. Department of Education data (October 2025 release).
Analysis
UC Santa Cruz physics graduates start about $12,000 behind the California median for physics programs and roughly $10,000 below the national benchmark. Among 58 California physics programs, this ranks in just the 25th percentile—meaning three-quarters of comparable state programs produce better initial outcomes. The gap is stark when you look at peer UC schools: UCLA physics grads earn $60,495 right out of college, while UC Santa Barbara graduates start at $53,597. Even several Cal State campuses significantly outperform UCSC despite typically lower admission selectivity.
The $16,250 debt burden is reasonable and actually below both state and national medians, which keeps the financial risk relatively contained. A debt-to-earnings ratio of 0.43 means graduates owe less than half their first-year salary—manageable by most standards. However, the low starting earnings raise questions about whether UCSC physics students are finding relevant employment immediately after graduation or taking interim positions while pursuing graduate school or career pivots.
For families comparing UC options, this data suggests significant variation in physics outcomes even within the same university system. If your child is set on UC Santa Cruz for campus culture or location, the debt load won't be crushing. But if maximizing early career earnings matters—and physics employment is the goal—other California programs demonstrate substantially stronger market outcomes.
Where University of California-Santa Cruz Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Distribution
How University of California-Santa Cruz graduates compare to all programs nationally
Compare to Similar Programs in California
Physics bachelors's programs at peer institutions in California (58 total in state)
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| School | In-State Tuition | Earnings (1yr) | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $14,560 | $37,859 | — | $16,250 | 0.43 | |
| $7,439 | $64,045 | $51,682 | $23,000 | 0.36 | |
| $13,747 | $60,495 | $73,644 | $21,100 | 0.35 | |
| $7,675 | $57,114 | — | — | — | |
| $7,739 | $56,018 | $66,529 | $19,069 | 0.34 | |
| $14,965 | $53,597 | $88,722 | $15,982 | 0.30 | |
| 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
Explore Related Programs
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 University of California-Santa Cruz, approximately 32% 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 39 graduates with reported earnings and 48 graduates with debt data. Small samples may not be representative.