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.

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.

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.