So what do I think about a physics education some 30+ years after graduation? Would I do it all over again? There's absolutely no question in my mind. For anyone entering virtually any of the engineering or science disciplines, with maybe the exception of organic chemistry, an undergraduate physics education is invaluable. I went on to the Department of Aeronautics and Astronautics at the Stanford School of Engineering for my Ph.D., and my HMC physics degree was a major advantage in practically every class I took and in my thesis research. In addition, in my years as a technical contributor, having the breadth and depth that a physics degree provides made me much more versatile than my colleagues who studied some branch of engineering. I was able to apply basic concepts from E and M, dynamics, optics, and even basic nuclear physics / relativity theory / quantum mechanics to solving problems and inventing new techniques. The ability to understand physical phenomena and apply basic principals to analysis and problem solving is directly related to the solid foundation that I got as a physics major. The colleague with whom I had my most successful collaboration, by the way, has a Ph.D. in physics (with engineering subjects, from the Sorbonne) and my former boss has a degree in Engineering Physics from Cornell---just indications of how a physics degree is a key building block to a successful technical career.

Regarding the employment opportunities for physicists; I've found that physics offers a great deal of flexibility in choosing a career path. When I decided to return to the west coast and join IBM, I was also actively recruited by a teaching college, research university, national lab and I had a tenured position at Argonne if I had chosen to stay there. Presently, the job market is very strong for Ph.D.s.

Physics majors can certainly go on to do all kinds of strange things, even public policy and international affairs:

https://elliott.gwu.edu/pace

Physics training has been an invaluable aid throughout my career despite my grade in quantum mechanics. : >

I graduated in physics in 1976, went to medical school and am now an ophthalmologist doing research in tropical eye diseases. HMC was a great education - can't say I really use a lot of physics, and I'd choke if I had to do a Fourier transformation, but I do rather enjoy optical problems (unlike a lot of my colleagues) and I repair the odd broken instrument...