Analysis
Engineering physics graduates from peer programs nationally typically earn around $57,500 in their first year—a solid starting point for a technical degree, though not the premium you might expect from an "engineering" label. With estimated debt of $24,250 based on similar programs at UMN-Duluth, the debt-to-earnings ratio of 0.42 suggests graduates could reasonably pay off loans within a few years of focused repayment. That's manageable, assuming the career trajectory follows the pattern of comparable programs.
The challenge here is uncertainty. Only 135 schools nationwide offer engineering physics at the bachelor's level, and data is sparse enough that we're working entirely from national estimates—no program-specific outcomes, no state comparisons with actual Minnesota data. This hybrid degree sits between pure physics and traditional engineering, which can mean either excellent interdisciplinary preparation or a credential that employers find harder to categorize than a straight mechanical or electrical engineering degree.
What you're betting on is that UMN-Duluth's version of this relatively uncommon major will perform like the national median. The admission profile suggests a solid student body, but without actual graduate outcomes from this program or even peer data from Minnesota schools, you're making that investment without the usual financial evidence. If your child is genuinely passionate about the physics-engineering intersection and knows which career path they're targeting, the estimated debt load won't sink them. But verify that this specific degree opens the doors they're expecting—talk to the department about where recent graduates actually landed.
Where University of Minnesota-Duluth 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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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $14,318 | $57,457* | — | $24,250* | — | |
| $21,186 | $72,858* | $87,900 | $21,500* | 0.30 | |
| $8,315 | $68,379* | $75,848 | $27,000* | 0.39 | |
| $16,004 | $64,304* | $92,842 | $20,136* | 0.31 | |
| $9,708 | $58,025* | $67,485 | $19,521* | 0.34 | |
| $42,304 | $56,889* | — | $23,667* | 0.42 | |
| National Median | — | $57,457* | — | $24,706* | 0.43 |
Career Paths
Occupations commonly associated with engineering physics graduates
Architectural and Engineering Managers
Biofuels/Biodiesel Technology and Product Development Managers
Physicists
Natural Sciences Managers
Clinical Research Coordinators
Water Resource Specialists
Engineering Teachers, Postsecondary
Engineers, All Other
Energy Engineers, Except Wind and Solar
Mechatronics Engineers
Microsystems Engineers
Photonics Engineers
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 Minnesota-Duluth, approximately 18% 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.