Physics and Astronomy Degree Recipients face a variety of career and educational choices once they receive their degree. The decisions that they make are affected by a wide range of influences, such as student experiences, evolving interests, family issues, personal finances, long-term career goals, and the economic conditions they encounter. This report is based on the American Institute of Physics' Initial Employment Survey and focuses on the initial choices and career aspirations of recent degree recipients in the combined classes of 2002 and 2003. The survey is sent to physics and astronomy bachelors, masters and PhD recipients in the winter following the academic year in which they received their degree. (Contains 22 figures and 8 tables.)