As important as finance knowledge and experience are when it comes to landing a job, another key factor that employers consider while hiring is personality type.
Certain finance jobs often require specific personality types and companies search for people who can adapt to the job and fit in well with their peers. The key characteristics that hiring managers look for vary depending on the positions they are trying to fill. In most cases, employers use the Myers-Briggs Type Indicator personality test to determine how individuals will fit in and perform.
This simple test categorizes people into any one of sixteen different personality types. Whether the occasionally controversial – but extremely popular – personality test is an accurate predictor of how a person will perform isn’t as important as the fact that 80% of Fortune 500 and 89% of Fortune 100 companies use it to evaluate their new hires.
Five Myers-Briggs personality types are especially good fits for particular finance jobs. Explanations of these types, as well as the sort of jobs they’re best-suited for, are below:
ISTJ: Introversion, Sensing, Thinking, Judging
ISTJs enjoy having guidelines to follow, and function best in structured roles. Referred to as “The Inspectors,” ISTJs are quiet and responsible people who are loyal, traditional and serious. They fit best into auditing or accounting roles where their observant tendencies and organizational skills will serve them quite well. Their fact-based minds help them navigate numbers with ease and make sure they get through every job properly and efficiently.
ESTP: Extroversion, Sensing, Thinking, Perceiving
ESTPs are observant and highly social individuals and are best suited for investor-facing roles. ESTPs are practical yet flexible and are driven to solve problems that can arise quickly, especially in high pressure situations like investor meetings. Called “The Promoters,” these people enjoy taking risks, and are always ready for a challenge.
ENTJ: Extroversion, Intuition, Thinking, Judging
ENTJs are knowledgeable, honest and are great at spotting inefficiencies and errors. Called “The Field Marshall,” people who fit under this category are likely to possess strong leadership skills, and would fit well into market research analyst and executive roles. They are able to think strategically and maintain their long-term focus, making them a great fit for entrepreneurship as well. Unstoppable and dominant, ENTJs are ready and willing to lead companies through any challenge and come out on top.
INTJ: Introversion, Intuition, Thinking, Judging
INTJs, like ENTJs, make for great strategists. Considered “The Masterminds,” these people are able to set up and stick to long-term goals, and therefore work well in investment banking and executive positions. INTJs are confident, mysterious, trustworthy and independent. They are demanding, and won’t tolerate people who don’t put in enough effort, but are well-suited to guide a company over a long stretch of time.
INTP: Introversion, Intuition, Thinking, Perceiving
Like many of the other personality types well-suited for finance jobs, INTPs are rational people. These analytical and adaptable minds are a great fit for financial analyst jobs. Called “The Architect,” this is the sort of person who is relaxed, creative, logical and contained. They want a practical explanation for everything, and possess unique perspectives and roaming minds. These are brilliant people who can easily spot patterns and problems, but may find themselves hitting the ground running with unformed ideas.
Understanding personality types is useful for both recruiters and professionals in the finance industry to maximize the potential of every employee. Employees with various personality types lend different sorts of strengths and weaknesses to companies, and how a person is categorized by the Myers-Briggs personality test has become an important factor for many hiring managers. If you’re not sure which category you’re in, take the test to find out!