In the Statistical Research Center, we have been collecting data from recent physics degree recipients for decades. Typically, about half of physics bachelor’s degree recipients pursue graduate study. This held true for the classes of 2019 and 2020, with ∼48% matriculating into graduate programs and ∼46% obtaining employment. The remaining 6% reported being unemployed (and pursuing employment) within 12 months of their graduation. Students graduating in 2019 and 2020 were faced with the impacts of the COVID-19 pandemic, so the unemployment rate was a bit higher than it typically is.
As we see in the figure, about two-thirds of those who go to graduate school do so in physics or astronomy graduate programs. The remaining one-third of those continuing their education matriculate into diverse programs from engineering to law. The type and level of financial support for those who pursue additional education are affected by the level of the degree...