MBTI® Test ESTJ Personal Financial Advisors
Strong Interest Inventory® General Occupational Theme Code: Enterprising, Conventional, Social (ECS) (GOT)
According to Hammer (1996), Extroverted-Sensing-Thinking-Judging (ESTJ) Myers-Briggs Type Indicator® Personality Types (MBTI® test) tend to do best in fields that value technical expertise. Myers-Briggs test ESTJ’s naturally have strong innate analytical tendencies and enjoy using those innate gifts to advise others and solve real-world problems. With this said, MBTI test ESTJ’s can often find fulfillment and fit-well in careers such as personal financial advisors.
Personal financial advisors provide invaluable advice and insights to individuals about how to manage their personal finances. To do so effectively, they first interview clients and gather necessary financial documents to obtain a more robust perception of their situation. Then, they analyze this information to develop strategies for meeting clients’ objectives. This may take the form of investments, savings, insurance coverage, cash management, and more. Throughout this process, they manage client portfolios and communicate with clients to keep them up-to-date on the status of their portfolios. In addition to managing individual portfolios, personal financial advisors must work to recruit new clients and to maintain those that they have, while also staying abreast of current market trends to ensure the quality and responsiveness of current initiatives for their clients.
In order to accomplish this variety of feats, personal financial managers must be comfortable working with a variety of computing devices, including desktops, notebooks, and personal computers, as well as smartphones and tablets. Furthermore, they need to have an understanding of a variety of different software, including customer relationship software (e.g., Redtail Technology Our Business Online), document management software (e.g., Cabinet NG CNG-SAFE), financial analysis software (e.g., Ibbotson Portfolio Strategist), spreadsheet software (e.g., Corel QuattroPro), and word processing software (e.g., Microsoft Word; Automatic Data processing ProxyEdge). While the individual kinds of software may differ among different advisors, these general categories will remain consistent.
Being a successful Personal Financial Advisor requires a strong foundation in mathematics, economics, and accounting, as well as sales and marketing. In general, a four-year bachelor’s degree is a minimum requirement, and many also hold a post-baccalaureate certificate or a professional degree, most often an MBA (Master’s of Business Administration).
ESTJs make ideal personal financial advisors because of their attention to detail and persistence, as well for their ability to communicate complex processes succinctly to non-specialists.
Below are some employment trends for personal financial advisors:
- Median wage: $37.97 hourly, $81,060 annually
- Employment: 223,000 employees
- Projected growth (2012-2022): Much faster than average (22% or higher)
- Projected job openings (2012-2022): 96,400
Visit Our Strong Interest Inventory® Resource Page To Learn About The ECS GOT
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Choosing a career path can be difficult. The revised MBTI® Career Report helps point the way by showing you how your type affects your career exploration and discusses the benefits of choosing a job that is a good fit for your type. By taking the Myers-Briggs test you also explore preferred work tasks and work environments—as well as most popular and least popular occupations—for any type and receive strategies for improving job satisfaction. This completely updated report includes expanded coverage of popular fields such as business, health care, computer technology, and high-level executive and management occupations. It is based on four-letter type results and can be generated using your reported type or verified type.
- Bureau of Labor Statistics wage data and 2012-2022 employment projections Onetonline.org
- MBTI® Type Tables for Occupations, 2nd Edition. Schaubhut, N. & Thompson, R. (CPP, 2008)
- Introduction To Type and Careers, Hammer, A. (CPP, 1996)