5 Personality Traits of Finance Majors - Great College Deals (2024)

The predominate personality traits of finance majors make them uniquely qualified to enter the field they are studying. In order to succeed in the financial industry, one must demonstrate certain innate skills and characteristics that allow them to fulfill their appointed duties. Here are five personality traits commonly found in finance majors.

1. Natural problem solver

According to Forbes Magazine, there are multiple career options for finance majors, but each of them requires great problem solving skills. These professionals deal with complicated issues, such as:

  • retirement savings
  • stocks
  • corporate finance
  • banking

The concepts associated with these issues can be unnerving for those who lack the ability to piece together solutions and plans of action. There is potential for volatility within the financial industry. This requires a certain level of problem solving to survive the ups and downs. Problem solvers must be able to study several pieces of a particular financial puzzle. They must figure out how to put those pieces together in a way that makes sense. This is one of the most important personality traits of finance majors.

2. Analytical

Analysis plays a significant role in the daily life of someone in the financial industry. A natural tendency toward being analytical is common among finance majors. They can hone their analytical skills by practicing scenarios that represent situations that could occur during the course of their future careers. One of the key personality traits of finance majors is the innate ability to think logically. They must sense of the large amounts of data with which they are presented.

3. Born leader

Leadership is a key element of a finance career. Students who wish to pursue careers in the field tend to be natural leaders. They know how to motivate a team to get the job done. The most successful finance majors show aspects of leadership, including:

  • great communication skills
  • the ability to successfully manage projects
  • being able to work with a team

Leadership is typically one of the most noticeable personality traits of finance majors. That characteristic is usually displayed in every area of the person’s life.

4. Confident

They will need to make important decisions that can affect large numbers of people once they enter the financial industry. People who are inclined to major in finance tend to be very sure of themselves. This can sometimes manifest itself in the form of arrogance. But the most successful finance majors typically maintain a certain level of humility that will allow them to make decisions with other’s best interests in mind. When it comes to majoring in finance, confidence is key.

5. Self-motivated

Even before they begin their careers, finance majors must cultivate an intense self-motivation that will allow them to successfully:

  • complete their studies
  • secure employment
  • excel in their chosen professions

The ability to work without supervision is a personality trait that will enable finance majors to prove themselves as dedicated students in the present and outstanding employees in the future.

Related Resource: Finance Degree Online: 15 Best Deals

It is rare to find people who possess all of these characteristics. However, the people who can demonstrate them are typically high achievers who excel at almost everything they attempt. Given all of this, it is no wonder that these personality traits of finance majors tend to lead them into successful careers in the industry.

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5 Personality Traits of Finance Majors - Great College Deals (2024)

FAQs

5 Personality Traits of Finance Majors - Great College Deals? ›

Understanding money is central to the finance major, so you should be detail-oriented and comfortable working with numbers. At the same time, work in finance also involves a lot of interaction with other people, so communication skills are also important.

What type of person should major in finance? ›

Understanding money is central to the finance major, so you should be detail-oriented and comfortable working with numbers. At the same time, work in finance also involves a lot of interaction with other people, so communication skills are also important.

What kind of person is good at finance? ›

The best people in finance understand that in order to succeed, they must aid and encourage success in others. They are sharp, analytical thinkers, but also strong communicators who can share their insights when they are called upon.

What is the personality of a finance role? ›

Finance work aligns with your personality

If you're a finance graduate, you were likely drawn to the profession because you are confident working with numbers. Many finance professionals share traits such as being highly organised, logical and reliable. Perhaps you're even a borderline perfectionist.

Can I do finance if I'm bad at math? ›

Believe it or not, mastery of advanced math skills is not necessary to have a career in finance.

What personality type is best for finance? ›

Known as “The Director” personality type, ENTJs are extroverted intuitives, and—like their introverted counterparts (INTJs)—they are well-suited for positions as financial executives or venture capitalists.

Why do people choose finance as a major? ›

It equips you with the knowledge of financial management, investment strategies, and risk assessment, which are crucial skills in today's business world. Additionally, finance majors typically earn higher salaries and have a promising job outlook.

What is financial personality? ›

Your financial personality reflects traits and attitudes, such as whether you pay your bills on time, or how you feel about the future.

What qualities should a finance manager have? ›

The 8 vital skills any good finance manager should possess
  • Strategic and analytical skills. ...
  • Be tech-savvy. ...
  • Adaptability. ...
  • Honesty and strong values. ...
  • Strong communication skills. ...
  • Leadership skills. ...
  • Industry-specific knowledge. ...
  • Keep learning.

Is finance good for introverts? ›

📈 According to a study by the Myers-Briggs Company, introverts make up 56.8% of financial professionals, while extroverts make up 43.2%. This means that there are plenty of introverted financial professionals out there who have achieved success in their field.

What are the Big Five personality finance? ›

To this end, we describe the Big Five traits – Openness to experience, Conscientiousness, Extraversion, Agreeableness and Neuroticism or OCEAN – and the basic personality science surrounding them.

What are the personal financial traits? ›

Personality traits
  • Savers: Those who save now so they can enjoy their money later. ...
  • Spenders: People who want to enjoy their money now and worry about the future later. ...
  • Sharers: Those who want to share their money with family, friends, charities or their community.

What attracts you to a role in finance? ›

Sample Answer #1:

I find finance fascinating because it allows me to make informed decisions based on data analysis and strategic thinking. I'm excited about the dynamic nature of the industry and the opportunity to continuously learn and adapt to new market trends.

Is finance a hard major? ›

Finance degrees are generally considered to be challenging. In a program like this, students gain exposure to new concepts, from financial lingo to mathematical problems, so there can be a learning curve.

Is finance major a lot of math? ›

Finance degrees will often cover more basic mathematical concepts such as algebra and statistics, as well as more industry-specific math courses such as probability and business mathematics.

Is finance harder than accounting? ›

Is finance harder than accounting? Accounting relies on precise arithmetic principles, making it more complex, whereas finance requires a grasp of economics and accounting without as much mathematical detail.

What type of person should work in finance? ›

Finance Career Character Traits

If on the other hand, you love numbers, are good at math and Excel spreadsheets, and relish delving into the financials of a public company, then you might want to be an analyst. If you have both skill sets, a position as a financial advisor could suit you best.

How do I know if finance is for me? ›

Still, a career in finance isn't for everyone. If talking about money bores you, for example, you might want to choose a different path. Similarly, if math was never your subject, it's not a dealbreaker, but it is a skill you'll need to practice regularly in this field.

Is finance a good major for introverts? ›

Financial Manager Positions

These financial management positions include controllers, treasurers, credit managers, cash managers, risk managers and insurance managers. Since each of these positions requires strong analytical skills along with the ability to work independently, introverts tend to make ideal candidates.

Is majoring in finance a good idea? ›

Finance is a high-stakes industry—individuals and corporations won't trust their financial future to just anyone. That's why getting a finance degree is extremely valuable.

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