Allow me to introduce myself as a mild Myers-Briggs convert.
Like many, I ridiculed the hell out of the test for years. Every time I got stuck taking one (high school, college, other times), I scored differently each time. When you look at just the “basic” test, where it assumes rigid either/or categorizations, the whole thing appears ridiculous. Plus, at its heart, it comes off like a psychic/astrological reading: so blandly generic that the descriptions apply to anything.
Bottom line: I’m skeptical about everything, especially M-B.
That said, last year I took the test again for a month-long training course, and count me as a mildly redeemed skeptic. First off, the test in 2009 was far longer than the ones I remember taking (larger sample size?). Second, the interpretative material was far more robust-- sure, you still get your type out of 16 choices, but the real meat of the test was where those 16 choices overlapped. Also, a lot more time is spent on differentiating between strong and weaker scores, e.g. I’ve always floated between Extrovert and Introvert in past tests, but this one showed where I fell on the scale (in the middle) and explained how often one can move back and forth between them (i.e., the test no longer assumes rigid, never changing types but allows for movement over time).
Long story short: the test is far improved than it used to be. I’d still be hard-pressed to call it scientific in any way, but for the first time I will say it accurately described my personality (I asked friends & co-workers what type they thought I was without showing them the test results, and mostly it was a match. Of course, if my friends know me that well, why’d I have to take the test? ;-).
Anyway, as a “team building” exercise, it’s harmless fun-- BETTER harmless fun than it used to be, IMO. As anything more, I’d never use it, and poo poo any HR or Student Life guru who swore by it for anything more rigorous.