Hey everyone, I've been wondering about where Physics Ph.D. graduates work a few years after they've graduated and are looking for permanent positions. I looked at most universities' faculty lists and it seems like they all went to top 20 (actually mostly top 10) schools! This includes schools that aren't ranked top 20, and even schools that don't have physics Ph.D. programs like Cal State's or are liberal-arts colleges. The exceptions seem to be professors who graduated from the same school they work at, but they are few and far between. So my question is, where do physics Ph.D. graduates end up 10 years down the road if they didn't graduate from a top 20 school? Are they all working in industry? Teaching high school? Working in finance? Working for the government? Where are the permanent research positions for non-top 20 Ph.D. graduates and M.Sc. graduates located?