It turns out that Physics was a great intro for my particular job. I started as a digital electronics design engineer and the electronics part could be handled with the few courses HMC offered. The tough part was understanding the complex interrelationships of the functional blocks of the system. My physics background helped in this area although I did spend some intensive time reading electronics books. As time progressed, my job became more of an architectural endeavour and that was where physics really started to help: architecture involves understanding the big picture, not just the details of electronics but mechanical, thermal, software etc. At one time or another I have used almost every branch of technology. Only physics gives you enough understanding of theory to let you jump in and start swinging no matter where you land.

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.

Probably the most useful part of my education has been its broad nature, and that's where HMC has contributed the most. I have to pull in a wide variety of areas, and am continually surprised at the lack of breadth I find in those educated at the larger state universities. I guess HMC provides a wider education than you realize as you go through it.

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.