The three major employers of career physicists are academic institutions, laboratories, and private industries, with the largest employer being the last. Physicists in academia or government labs tend to have titles such as Assistants, Professors, Sr./Jr. Scientist, or postdocs. As per the American Institute of Physics, some 20% of new physics Ph.D.s holds jobs in engineering development programs, while 14% turn to computer software and about 11% are in business/education. A majority of physicists employed apply their skills and training to interdisciplinary sectors (e.g. finance).