What sort of jobs do physics graduates with B.Sc/M.Sc get? I've been told that in countries like Israel the truth of the matter is that the only available work for B.Sc./M.Sc. in physics/math is only to be high school teacher. To do serious stuff you need to be Ph.D.
 A: Opinion based on my own experience in central Europe: In order to do research as a physicist (there are jobs, but few), you need a PhD. As a physics master, you'll get hired as a engineer (for software, electronics or similar topics). The same is true if all you got is a bachelor, but you'll have a harder job to convince people to hire you, the master is the norm.
In Germany you'll need a specialized education to get a job as a highschool teacher, so in general you won't be hired as one if all you have is a master in physics, except in very exceptional cases.
A: What you've heard is totally incorrect, regarding Israel at least.
There are more job openings in Israel for physicists than there are physicists (and that is saying something!)
There is a very high concentration of high-tech companies (notably; Rafael, IAI, Elibt and many others) that rely heavily on the expertise of physicists, among others. 
And thanks (or no thanks) to the growing threats by terrorist groups and rogue states, these scientists are kept very busy. See Iron Dome for example.
A: I have a M.Sc in mathematics, and I work as an analyst in a company in the field of signal processing, interpolation of measured data, data visualisation, robotics and control engineering. I also do some programming (e.g. C, C++, C#, Matlab) as well as some physical analysis  such as applied mechanics and optics.
