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A professional profile is an alternative or addition to your job objective. It can take its form in a paragraph that acts as a sort of personal description of your accomplishments, qualifications and qualities or can form a list with bullets to separate your different strengths.
Your job objective is more of a brief statement of the job you'd like to pursue and has more of a focus on what you are seeking. Whereas a professional profile does more to highlight your strengths and a summary of your experiential background.
Here is an example of a Professional Profile found at monster.ca:
Accomplished executive with a proven ability to develop and implement real estate strategies that support business and financial objectives. Have led key initiatives that reduced operating budget by $32 million and contributed to 550 percent stock increase. Recognized as an expert in applying financial concepts to asset management decisions.
Respected leader, able to build highly motivated management teams focused on achieving revenue goals. Keep up-to-date with changes in the industry through continuing professional development (earned an MBA in finance/real estate and master of corporate real estate designation).
Areas of Expertise
Including a professional profile, even if you simply lay out your profile as bullet points alone shows your strengths in an easy to read, comprehensive format.
References: Isaacs, Kim. "How to Write a Career Summary". 2008 Monster.ca June 17th 2008