Each fall, the Statistical Research Center conducts the "Survey of Enrollments and Degrees," which asks physics and astronomy departments to provide information concerning the number of students they have enrolled and counts of recent degree recipients. In connection with this survey, the names and contact information for their recent degree recipients are requested. This information is used to conduct the follow-up survey in the winter following the academic year in which they received their degrees. Once they receive a bachelor's degree in physics, new graduates typically follow one of two paths: enroll in graduate school or enter the employment market. This publication explores the post-degree paths of the physics bachelor's from the classes of 2011 and 2012. Within these classes, nearly sixty percent of graduates chose to enroll in a graduate program, and about forty percent entered the employment market. Enrollment in physics bachelor's programs has continued to increase dramatically over the last decade, with each year representing a record high for the number of bachelor's degrees conferred.