My first degree was in physics as well, and I also ended up in IT. At SAP, to be exact. Urban legend among German SAP employees has it that SAP expands to "Sammelplatz arbeitsloser Physiker" (gathering place for unemployed physicists).
I know a few people at SAP (NL/DE) who are overqualified for the job they are doing and seem bored/uninterested. What's an insiders perspective of this?