While new physics bachelor's degree holders have a breadth of possibilities open to them, the initial post-degree outcomes for physics bachelors generally fall into two main categories: entering the workforce or continuing their education at the graduate or professional level. About two-thirds of those continuing with their studies are enrolled in a physics or astronomy graduate program, with the remaining third pursuing a wide variety of fields, ranging from engineering to law. The type and level of financial support received by students enrolled in graduate programs are affected by the level of the degree program in which they are enrolled. Virtually all students enrolled in a PhD program, regardless of field, receive some type of financial support. This report focuses on outcomes for physics bachelors who go on to graduate school. The immediate impact of the pandemic on physics bachelors' outcomes is also described. Finally, the report also includes a description of the type of work physics bachelors hope to do ten years after graduation. A separate report will examine initial outcomes for physics bachelors entering the workforce, including sectors of employment, fields of employment, and starting salaries for physics bachelors from the same degree classes.