Each year we attempt to contact each person who received a bachelor's degree in physics one year earlier to ask them what they are doing. New degree recipients typically follow one of two paths: enrolling in graduate school or entering the employment market. For the classes of 2011 and 2012 combined, nearly 60% chose to enroll in a graduate program; almost 40% of those opting for graduate school went into a field other than physics or astronomy. Only 4% of physics bachelor's degree recipients from the classes of 2011 and 2012 were still seeking employment one year after graduation.