Bet-David Consulting, Valuetainment’s business consulting division, has seen explosive growth in the last year, and it’s all thanks to a team of talented recruiters dedicated to finding the best candidates for the job. In this video, Patrick Bet-David explains how BDC has optimized its rigorous hiring process for success and shares how you can do the same for your business.
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Bet-David Consulting evaluates candidates on seven critical qualities essential for success within the company, and they employ a structured interview process to assess these traits effectively. The seven qualities are:
- Research Skills: Essential for consultants who need to dive deep into client backgrounds, industries, and competitive landscapes.
- Competitiveness: Candidates need a drive to be the best, aligning with the firm’s goal to become a global leader.
- Reading Habit: Continuous self-improvement is vital, especially for a firm prioritizing personal growth and development.
- Research-Driven: Separate from general research skills, this tests candidates’ deeper investigative capabilities.
- Desire: Motivation and passion are essential.
- Hunger for Success: BDC looks for candidates with ambition and the willingness to go above and beyond.
- Curiosity: This quality is critical for consultants who constantly question, analyze, and seek solutions.
The BDC team receives approximately 1,000-3,000 resumes weekly, selecting only a small fraction. They reject 82% of applicants based on initial criteria, which leaves a select group who proceed through a series of intensive tasks and interviews designed to measure each of the seven qualities.
Step-by-Step Selection Tasks
Candidates go through multiple steps to demonstrate their compatibility with the company’s values:
- Watch and Reflect: Candidates are asked to watch an introductory video and send an email reflecting on the company’s mission and specific role.
- Book Assignment: They are required to read Your Next Five Moves, a book by Patrick Bet-David, and submit a summary, assessing their commitment to personal development and adherence to deadlines.
- Business Plan Task: Candidates must draft a business plan, a test of their curiosity, strategic thinking, and engagement with Bet-David Consulting’s goals.
Final Selection
After completing these tasks, the few candidates that remain will have demonstrated the qualities that the team values. The final interview evaluates their confidence and ability to engage in high-stakes conversations with company executives. From this pool, only a small percentage of the original applicants receive job offers, setting a high standard by hiring only one out of every 40 applicants.
Bet-David Consulting’s rigorous hiring approach might seem challenging, but it effectively identifies resilient, ambitious, and capable individuals who thrive in competitive environments. By making the process tough, they ensure only the most dedicated and qualified candidates make it through—those ready to represent the company at the highest level.
For more on the hidden potential of the consulting industry, check out this video from PBD!
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