Analysis
Williams College's highly selective physics program shows estimated first-year earnings of $49,399—right at the Massachusetts median and slightly above the national benchmark of $47,670. With an estimated $23,120 in debt, graduates face a debt-to-earnings ratio of 0.47, meaning they'd owe roughly half a year's salary. That's manageable by most standards, though the small sample size that necessitates these estimates (Williams graduates only about a dozen physics majors annually) means actual outcomes could vary.
The earnings figure sits comfortably in the middle of Massachusetts physics programs, below MIT's $54,773 but comparable to larger programs like Northeastern. What you're really paying for at Williams isn't dramatically higher starting salaries—it's the college's liberal arts environment, tight-knit physics community, and the network advantages of a 10% admission rate school. Physics majors from elite liberal arts colleges often pursue graduate school or pivot into fields like finance or consulting, where Williams' brand carries weight that won't show up in first-year earnings data.
For families concerned about immediate return on investment, the earnings-to-debt picture looks reasonable but not exceptional. The real question is whether Williams' broader advantages—research opportunities with faculty, alumni connections, graduate school preparation—justify the total cost of attendance beyond just the debt figure captured here. If your child is committed to physics and likely headed to graduate school, Williams offers a strong foundation; if they need strong immediate earnings to manage total costs, larger research universities might provide clearer career pathways.
Where Williams College Stands
Earnings vs. debt across all physics bachelors's programs nationally
Compare to Similar Programs in Massachusetts
Physics bachelors's programs at peer institutions in Massachusetts (31 total in state)
Scroll to see more →
| School | In-State Tuition | Earnings (1yr)* | Earnings (4yr) | Median Debt* | Debt/Earnings |
|---|---|---|---|---|---|
| $64,860 | $49,399* | — | $23,120* | — | |
| $60,156 | $54,773* | $166,156 | $18,500* | 0.34 | |
| $63,141 | $49,399* | — | $26,797* | 0.54 | |
| $16,570 | $48,324* | — | $22,177* | 0.46 | |
| 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 Williams College, approximately 17% 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 MA. Actual outcomes may vary.