My point is that the baseline skills for success in industry (I believe) are common sense, good communication skills, a reasonably broad background in science and decent computer skills. There will always be a market for bright people who satisfy these criteria, and a physics degree is a big plus for the applied science shops.

I graduated in 1992 and made a short move to Caltech to study Computation and Neural Systems, a multidisciplinary degree which covers everything from information theory to computer graphics to neural networks to measuring the behavior of individual neurons in rats.  The core curriculum of Mudd was great preparation for this, giving me a broad enough background to do well across all of that.  I finished my Ph.D. in 1999, with a thesis titled “Real-Time Rule-Based Analysis and Generation of Music” — which also leveraged the music courses I took at Scripps.

I then moved up to Silicon Valley and worked for 6 years at Foveon, an image sensor / digital camera startup, where I wrote software and firmware for digital cameras.  With a physics degree, I understood not only the software, but also the semiconductor physics and optics that happen before the image is captured, and I was comfortable enough with an oscilloscope to do hardware debugging as well.  That flexibility is particularly important at a startup, where there are few enough engineers that everyone need to be good at several things.

After Foveon, I worked a year and a half at Carrier IQ, a startup which does cell phone-based diagnostics and analysis of Sprint's mobile phone network.  All those E&M courses helped me understand how CDMA and GSM work, so I could determine what types of information would be most useful to read from phones.

In 2007 I started at Google, where I've now been for 5 years.  I’ve worked on Google Earth, written Python-based build systems, and for the last 3 years I’ve been the firmware lead for Chrome OS, Google’s new open-source browser-based operating system.  And yes, I still have an oscilloscope at my desk.

In the 20 years since graduating with a physics degree from Mudd, I’ve been unemployed, well, never.  I’ve also never had a job title of “physicist” or “scientist” — but every physics course I took at Mudd has been useful at one time or another.

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.

I'm currently finishing my PhD in Biology here at UCSD. This was a big change from physics and I am not directly doing much physics related research. However, I think my physics training was very important. I learned how to be a clear, critical, scientific thinker which has served me well here. Having a physics background in no way hindered my applications to biology graduate schools. I think most schools considered it an advantage. The field of biology is becoming much more analytical and the perspective I have with a physics background is quite useful. Now that I am looking for a job, I think having a background in both physics and biology will help a lot.