Analysis
Notre Dame physics graduates see their earnings more than double between years one and four, jumping from an estimated $48,000 to $87,000. That four-year figure stands well above what physics majors typically earn in Indiana (around $30,000) and suggests strong outcomes—though the first-year estimate comes from national peers since Notre Dame's own graduate sample was too small to report. The $21,500 debt load is actually slightly lower than the national median for physics programs, creating a debt-to-earnings ratio of 0.45 that looks manageable even in that first year.
The trajectory here tells an important story. Many Notre Dame physics graduates likely pursue graduate school or research positions that depress initial earnings, then move into higher-paying roles in industry, data science, or technical fields. The four-year earnings figure of $87,000 reflects this pattern and suggests the degree opens doors that take time to walk through. At a highly selective institution like Notre Dame (12% admission rate, 1510 average SAT), students benefit from strong peer networks and research opportunities that enhance long-term prospects.
For families who can manage the relatively modest debt, this program shows promise. The four-year earnings are documented outcomes from Notre Dame graduates specifically, not estimates, and they demonstrate that the investment can pay off—just not immediately. Expect a slow start followed by meaningful earnings growth.
Where University of Notre Dame Stands
Earnings vs. debt across all physics bachelors's programs nationally
Earnings Over Time
How earnings evolve from 1 year to 4 years after graduation
| School | 1 Year | 4 Years | Growth |
|---|---|---|---|
| University of Notre Dame | — | $87,137 | — |
| 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% |
| Portland State University | $62,749 | $83,259 | +33% |
Compare to Similar Programs in Indiana
Physics bachelors's programs at peer institutions in Indiana (26 total in state)
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| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt | Debt/Earnings |
|---|---|---|---|---|---|
| $62,693 | $47,670* | $87,137 | $21,500 | — | |
| $9,992 | $30,203* | — | $21,948 | 0.73 | |
| 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 University of Notre Dame, approximately 12% 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 75 similar programs. Actual outcomes may vary.