Grad school ยท Engineering
Engineering Physics graduate programs: earnings and debt by school
21 colleges award master's degrees in engineering physics. Graduates of the typical program earned $105,448 a year after finishing, and those who borrowed left with a median of $27,595 in federal loans taken at the school.
Official field: Engineering Physics. Admission figures such as LSAT, MCAT or GRE scores are not part of this federal data, so check each school.
| Degree level | Programs | Typical earnings 1 yr after | Typical median debt |
|---|---|---|---|
| Master's | 21 | $105,448 | $27,595 |
| Doctoral | 13 | n/a | n/a |
Is it worth it? Debt vs first-year pay
Each dot is one master's program. Dots above the dashed line have graduates earning more in their first year than the program's median debt.
Master's programs in engineering physics
Highest first-year earnings
Doctoral programs in engineering physics
| College | Graduates (2023-24) | Earnings 1 yr after | Earnings 4 yrs after | Median debt |
|---|---|---|---|---|
| California Institute of TechnologyPasadena, CA | 19 | n/a | n/a | n/a |
| Columbia University in the City of New YorkNew York, NY | 5 | n/a | n/a | n/a |
| Cornell UniversityIthaca, NY | 10 | n/a | n/a | n/a |
| Embry-Riddle Aeronautical University-Daytona BeachDaytona Beach, FL | 2 | n/a | n/a | n/a |
| Harvard UniversityCambridge, MA | 21 | n/a | n/a | n/a |
| Iowa State UniversityAmes, IA | 0 | n/a | n/a | n/a |
| Michigan Technological UniversityHoughton, MI | 3 | n/a | n/a | n/a |
| Northwestern UniversityEvanston, IL | 4 | n/a | n/a | n/a |
| Rice UniversityHouston, TX | 10 | n/a | n/a | n/a |
| University of California-San DiegoLa Jolla, CA | 3 | n/a | n/a | n/a |
| University of ChicagoChicago, IL | 5 | n/a | n/a | n/a |
| University of MemphisMemphis, TN | 4 | n/a | n/a | n/a |
| Yale UniversityNew Haven, CT | 5 | n/a | n/a | n/a |
Frequently asked questions
How much do engineering physics graduates earn?
Graduates of the typical master's program earned a median of $105,448 one year after finishing, in 2024 dollars.
How much debt do engineering physics graduate students take on?
The typical program's graduates who borrowed left with a median of $27,595 in federal loans taken at that school. Undergraduate loans are not included.
Undergraduate: Engineering Physics major
Source: U.S. Department of Education, College Scorecard field of study file, data release of October 15, 2026. Earnings are medians for graduates who received federal aid and were working, not enrolled. One-year figures: graduates of 2020-21 and 2021-22, measured in 2022 and 2023, in 2024 dollars. Four-year figures: graduates of 2017-18 and 2018-19, measured in 2022 and 2023, in 2024 dollars. More on the data.