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

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 does well in finance? ›

Strong leadership skills

There's no arguing that the most effective CFOs have strong leadership skills. They anticipate future trends and challenges within their industry and back those insights with data to help make strategic business decisions.

What is the personality of a finance role? ›

Other compulsory skills for finance roles within this client facing sector include: Overall wealth management knowledge. A detail-oriented personality. The ability to think critically and analytically.

What compliments a finance major? ›

Finance and accounting are complementary endeavors. Pursuing a double major in finance and accounting typically requires that a student lengthen his or her time in school. A minor may provide a sufficient accounting foundation for finance majors. Accounting is vital to many areas of business and 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.

How do I know if finance is for me? ›

If you are interested in solving problems in creative ways or helping companies to plan how to grow their revenue or maintain profitability, a finance major is right for you. A Bachelor of Science in Finance will help you develop multiple skillsets with a great outlook for success after your graduation.

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 are the best skills for finance? ›

Essential finance skills include budgeting, financial analysis, problem-solving, risk assessment, financial planning, and more. These skills lead to improved financial decision-making and a better understanding of the economic landscape.

What are finance people good at? ›

Individuals with analytical minds and strong attention to detail make good candidates for in-demand careers in finance. This field offers many roles beyond trading on the stock exchange floor, though many positions still include financial forecasting and investments for businesses and clients.

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 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.

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 type 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.

Why would someone choose a finance major? ›

The skills gained through finance coursework can be universally applied in not only financial services but also business (even life) in general. Finance majors build knowledge related to nearly every operational area of an organization, including accounting, sales and lead generation, human resources, and marketing.

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 finance a happy major? ›

Overall, finance students rate their satisfaction with their degree a 3.1 out of 5.

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