In this article, you will learn all about accountants personality traits so you can decide if accountancy is the career choice for you.
The vast majority of clients expect their accountants to be precise and have exceptional organizational skill, however there is so much more to being a good accountant than just these two skills.
Professionals accountants are precise by nature and have studied to gain an incredible amount of practical knowledge in their field. For an accountant to even make a small mistake could have a devastating effect on a client’s business.
Accounting books are designed to help make important decisions and keep track of the overall health of a business, with this in mind, it only makes sense that an accountant be organized and precise just by nature.
What are Accountant Personality Traits?
Many people believe they know exactly what is needed in order for an accountant to be considered good, however there is so much more.
In order to be a successful accountant, one must be good with numbers, work efficiently, and be organized. An accountant will also need to be comfortable while working with a wide range of other people including a number of different clients, CEO’s and other co-workers.
A good accountant should never be one that is going to shy away from a puzzle, in fact, they should be willing to deep dive and solve whatever issue remains.
Which type of personality would cover all of these characteristics?
The Meyers-Briggs Test
The Meyers-Briggs Test was originated by Katharine Cook Briggs along with her daughter during the early 1940’s through the teachings of Carl Jung, who had proposed that humans experience the world through four main functions including thinking, feeling, intuition, and sensation.
Jung believed that these four functions were a dominant part of an individual at some point or another.
Briggs would take Jung’s main ideas and create a simple test that would categorize people into various categories through the use of letters into specific types.
Each one of the tests will be assigned four letters that are used to describe their personality, which include:
- Ju for judging
- T for thinking
- E for extroverted
- I for introverted
- N for intuitive
- F for feelings
- S for sensing
In 1996, Landry found that 25% of all accounting majors score as ESTJ (Extrovert, Sensing, Thinking, and Judging) on the Myers-Briggs Types Indicators personality test. Considering that Myers-Briggs personality test has 16 grids with an average population of 6% in each, having 25% of all accounting majors in one grid is remarkable and points to personality traits held in common.
There is slightly more of a nuance in these categories than you would think.
An example of this would be a introvert is not the loner you would expect.
Instead, a loner is considered as an individual who is more powerful in being alone as where an extrovert will draw energy from others.
Introverts have the ability to enjoy being around other people even in social settings, but they often find the situation draining and need time to recharge.
S for Sensing vs N for Intuition is how some individuals gather information. Sensing people will rely on specific evidence whereas the other type of people are willing to rely on theories or ideas.
Feeling vs thinking describes how some people will typically make decisions. Are you an individual who relies on logic solely. Or are you one who relies on gut instinct alone.
This type of indicator is those individuals who prefer to judge through thinking or feeling as opposed to perceiving via intuition or sensing.
What is the Best Accountant Personality Type?
One must wonder just what majority accountants make up of these four letters.
Many people who are within the accounting profession typically test ISTJ.
In fact, it is the S and T that are the most important, due to the fact that the majority of accountants make decisions based upon facts and logic.
The ISTJ personality is considered to be one that is diligent, dependable, and accountable in both their professional and personal lives.
They prefer to have structure in their life and only make a decision after careful analysis If this sounds like your type of personality, a career in accounting may be the perfect fit.
10 Accountant Personality Traits For Those Considering A Career
Let’s take a look at just ten of the most essential personality traits of an incredible accountant.
1. Orginizational Skills
It is essential that accountants have the ability to keep up with a multitude of date, figures, and paperwork on a daily basis.
They must have a system in place that will allow them to find the information they need on the fly.
Accountants must be able to organize all of their client’s needs in an effort to provide efficiency and productivity.
2. Stellar Time Management Skills
Accountants are providing the essential information to clients that is needed to make key decisions, making good accountants invaluable and very short on time.
While financial matters are always on their plate, they must have the proper time management skills to prioritize all of the other tasks at work and life.
3. Detail Oriented
Obvioulsy, one of the most needed traits for an accountant to be successful and ensure that their numbers are correct, is to have attention to detail.
4. Client Focused
As an accountant one must deal with not only numbers but clients as well.
Accountants have to be sure that they are always focused on their clients, and they fully understand their needs and wants.
By doing so will ensure they are following the specific economic measures and rules that are specific to that business.
An accountant’s advice is only as good as their knowledge of that specific business sector.
Creativity is never a trait that would be commonly associated with the accounting field, however it is an essential one.
The best accountants are able to think on their feet and come up without of the box solutions that will solve a client’s problem.
It is important to realize that every client is going to have very different problems and there is usually never a text book solution.
They should be committed to one particular sector and be passionate about it.
This is one of the elements that make them attractive to potential hires, companies are searching for individuals that will go all out in pursuit of what is best for the company.
Accountants deal with some of the most sensitive and secure details of a company.
One of the most essential features of an excellent accountant is for them to be fully professional and never divulge important information to a third party.
This is one of the few ethical ways in conducting an accounting business and one must remain trustworthy to get the best jobs in the industry.
8. Communication Skills
Of course, it is absolutely essential for accountants to have the ability to thoroughly communicate with their clients and colleagues.
They will need to be able to communicate financial concerns with non-finance staff through a number of data visualizations that will ensure that the date they are bringing to the table is fully understood.
Communication is one of the most important elements in ensuring good relationships with their clients.
This is an area that many professional accountants do not expect.
Many accountants believe in that stereotypical job is working in a small cubicle, crunching numbers all alone.
However, the truth of the matter is that accountants generally work in teams in an effort to bring together many departments,.
They need to be able to work cohesively as a member of the team to support the overall goals of the business.
Accountants will need to quickly embrace many challenges and be able to respond to quickly changing environments in order to succeed.
In the digital age, offices have become more fast paced and it is essential for accountants to be able to adapt to new changes and environments.
In addition, the accountant must have a high degree of agility in being able to respond quickly to changes within the industry in able to provide stellar service.
Statistics & Further Reading
Of course, a career in public accounting isnât restricted to the Big 4. According to the American Institute of CPAs (AICPA), there are over 46,000 public accounting firms in the United States. Some of them are small, but many have an extensive level of operations. Getting a job in one of these firms could mean building a very successful career for yourself in the accounting/auditing/tax or related fields.
The accounting field certainly is lucrative: the Bureau of Labor Statistics reports that the median salary for accountants in 2018 was around $70,000, with the highest 10 percent earning nearly $123,000. These professionals come to the industry equipped with a degree in accounting and the knowledge to effectively handle financial records for both individuals and businesses. And, according to the International Federation of Accountants, their skills and expertise make them the most trusted and common source of financial advice.
Accounting isn’t for everyone. It takes a specific mindset and personality to be successful in the field, which the U.S. Bureau of Labor Statistics projects to grow 10 percent by 2026. Successful accountants usually share these common personality traits.
Accountants don’t usually work alone, isolated in their offices. According to PayPie, 70 percent of accountants working for small to medium enterprises which make up 99 percent of U.S. businesses see their advisory roles becoming more strategic.
Written By Accounting-Degree.org Staff Accounting is a profession where there is no one personality type, although 42 percent of accounting students tend to fall into the ESTJ personality type. ESTJ stands for Extroverted, Sensing, Thinking, Judging. Perhaps most surprising is that accountants tend to be extroverts rather than introverts.
As we can see, a great accountant take a lot of time and effort, but there are a number of specific traits that are essential to the career including being detail-oriented, creative, and level-headed are all key elements to not only getting hired but being an exceptional accountant.