It is a very small minority, check AIP statistics on employment avenues for physics bachelors in the United States. I recall it not exceeding 10-15%. Convincing potential employers that you're just as qualified as an engineer to fill an engineering position is an uphill battle that keeps getting tougher in this economy. "Contacts and networking" will allow you to bypass HR filters, but then again they would still work even if you had a humanities degree.
If you want an engineering job, get an engineering degree. While it is not impossible, do not count on getting one with just a physics bachelors.
Source: http://www.physicsforums.com/showthread.php?t=700239&goto=newpost
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