For the past decade executives at the biggest financial companies have been using a personality test to determine the best fitting job candidates, using the way a person interacts with others as a factor for deciding as to whether they will fit into certain positions.
“The Myers-Briggs Type Indicator personality test these days is used by 80 percent of Fortune 500 companies and 89 percent of Fortune 100 in order to determine whether or not a person will fit into the role he or she was hired for.”
The Myers-Briggs Type Indicator personality test these days is used by 80 percent of Fortune 500 companies and 89 percent of Fortune 100 in order to determine whether or not a person will fit into the role he or she was hired for. The test is made of a series of yes-and-no questions that are used to divide people into a number of categories broken down along four dichotomies. These are: introversion versus extroversion, sensing versus intuitive, thinking versus feeling and perceiving versus judging. These dichotomies are then ordered into four-letter combinations. For example, the publication noted that corporate managers are often ISTJs, while artists and writers are usually ENFPs.
If you’re working at a top finance company, chances are that this personality test could be a successful tool for your hiring process. It doesn’t have to be the guiding light for your hiring department, but it could be useful for advising some difficult decisions.
For some time this personality test has been utilized to discover good candidates. If you’re a hiring manager who is looking for people for technology jobs, entry level analyst jobs, investment banking jobs or any other kind of position, the Myers-Briggs could come in handy for you. If you don’t want to administer the test, you can at least take a look at a basic guide of which personality types fit best into which roles. Finding the right personality can be just as important for your company as discovering the qualified candidate. Business Insider put together a chart that noted the best personality types for a number of jobs, according to Myers-Briggs test results.
Different personality types for different roles
For example, the best personality for accounting jobs, chief financial officers or auditors is ISTJ. This combination describes an introvert-sensor-thinker-judger. This sort of person understands the importance of his or her responsibilities and remains committed to them. ISTJs are also going to be hard workers if the Myers-Briggs is anything to go by. These are people who, according to each of the four categories, enjoy working alone or in small groups at a calculated speed. They are pragmatic people who tend to focus on the facts. The logically analyze situations before making decisions, taking into account the pros and the cons and weighing them delicately. Finally, these people tend to be organized. They plan out everything.
In the case of investment relations jobs and banking positions, the best personality type to go with is the ESTP, according to the Meyers-Briggs. This personality type is defined as an extrovert-sensor-thinker-perceiver. These individuals are also pragmatic, but tend to enjoy excitement and work better in crisis situations. This sort of person often enjoys working with people and moving quickly on a number of tasks. Like ISTJs, they are practical people who make decisions based on the facts. They are also similar personality types in that they tend to logically analyze situations before making decisions. Also, ESTPs tend to be open-minded people who are able to act on a dime and are willing to be flexible with their plans.
When it comes to financial advisors and economists, as well as previously mentioned investment bankers and executives, a successful personality type will be INTJ. This combination is defined as a introvert-intuitive-thinker-judger. These people are creative and strive for perfection, but often like to do things their own way. These are individuals who don’t enjoy working with too many people and tend to think about the big picture rather than smaller details. They make their decisions using logical analysis to work out long term plans and are very organized people.For venture capitalists and executives, a good personality type as defined by the Meyers-Briggs is the ENTJ. This type is made of the four categories extrovert-intuitive-thinker-judger. These people are born leaders who make analytical decisions and are good at planning. They too get fired up when working with larger groups of people. Unlike the other two types mentioned, these are individuals who tend to focus on the big picture. They take the long-term view in their planning for the companies they work for, or own. They value truthfulness, consistency and equality and think logically when making decisions.
These are just a few of the personality types noted in the chart put together by Business Insider. In total there are 16, and the categories that people call into can sometimes be good indicators of how they will perform in specific roles. Use the information above as a simple guide to determine who may fit into which positions well.