Analysis
At first glance, a bachelor's in physics from Wake Forest appears to position graduates reasonably well. With debt estimated around $23,000—close to the national median for physics programs—and first-year earnings based on North Carolina peer programs suggesting around $63,000, the debt burden represents just 37% of that initial salary. That's manageable by most standards, particularly when you consider that similar programs across the state range from about $44,000 to over $70,000 in first-year earnings.
However, there's significant uncertainty here. Both the earnings and debt figures are estimates drawn from other programs because Wake Forest's physics cohort is too small for the DOE to publish actual outcomes. The state benchmark puts Wake Forest squarely in the middle of North Carolina's physics programs—not at the bottom like NC State's reported $43,740, but also not approaching UNC Charlotte's impressive $70,000. For a selective school with a 22% admission rate and average SAT of 1469, you might expect graduates to cluster toward the higher end of that range, but we simply don't have the data to confirm it.
The practical takeaway: Physics degrees generally lead to solid employment prospects, and the estimated debt load here shouldn't be crushing. But given the uncertainty and the fact that comparable North Carolina programs produce widely different outcomes, ask the physics department directly about where recent graduates have landed—job titles, employers, grad school placements—before committing to this particular program.
Where Wake Forest University Stands
Earnings vs. debt across all physics bachelors's 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 |
|---|---|---|---|---|---|
| $64,758 | $62,647* | — | $23,120* | — | |
| $7,214 | $70,150* | — | $28,750* | 0.41 | |
| $8,989 | $62,647* | — | $19,200* | 0.31 | |
| $8,895 | $43,740* | — | $23,490* | 0.54 | |
| 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 Wake Forest University, approximately 9% 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 median of 3 similar programs in NC. Actual outcomes may vary.