I would say, using myself as an example, having a Physics background is a tremendous asset no matter what field one decides to go into. I really think that the problem solving skills I learned as a Physics major have helped me in my Engineering work. Also, since Physics is so fundamental to everything else (perhaps my view here is a little jaded?) there is no way to go wrong by learning Physics first and then moving up to other disciplines. ('Up' in the sense that 'C' is a higher level language than 'assembly'.) And now seems to be a great time for well-skilled scientists here in the Silicon Valley. The group I am in at IBM is concerned with magnetic disk media and most of the PhD's are from Physics/Material Science backgrounds.

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.

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...