Beta Gamma Sigma Inc.

Beta Gamma Sigma Inc. is a U.S.-based international business honor society, registered as a nonprofit organization. Known for its prestigious recognition of academic excellence in business studies, it is affiliated with the Association of College Honor Societies (ACHS).

Mission and History

Beta Gamma Sigma was founded on February 19, 1913, from the merger of three local honor societies at the University of Wisconsin, University of Illinois, and the University of California. The society aims to encourage and honor academic achievement in business education, develop forward-thinking business leaders, and foster a global community that acts as catalysts for societal good[1][3].

Membership and Eligibility

Membership in Beta Gamma Sigma is open to students enrolled in business programs accredited by the Association to Advance Collegiate Schools of Business (AACSB). Eligibility criteria require undergraduate students to be in the top 10% of their class and graduate students to be in the top 20%[1][2].

Activities and Initiatives

Beta Gamma Sigma offers various benefits to its members, including networking opportunities, career resources, and scholarships. It has over 980,000 members globally and operates in over 190 countries through more than 600 collegiate chapters and numerous alumni groups[1][3].

In recent years, the organization has emphasized incorporating environmental, social, and governance (ESG) criteria and the Sustainable Development Goals (SDGs) into its operations, highlighting its commitment to business being a force for global good[1][3].

Governance

Beta Gamma Sigma is governed by a Board of Governors, which oversees the organization's activities and ensures its mission is fulfilled. The board composition reflects diversity and includes leaders from various academic and business backgrounds[5].

Criticisms and Initiatives

While Beta Gamma Sigma promotes excellence in business education, it has faced criticism for potential biases in its membership requirements. In response, the society has implemented initiatives to promote diversity and inclusion within the organization, including establishing a Diversity and Inclusion Advisory Council[2].

Impact and Influence

Beta Gamma Sigma members are recognized for their high standards of achievement and are sought after by top companies for their leadership skills and ethical conduct. The organization continues to expand its global presence and influence in the business education community[4].

Notable Aspects

• Name and Symbols: The name Beta Gamma Sigma is derived from the Greek words Bebeaos (honor), Gnosis (wisdom), and Spoude (earnestness). The society's colors are royal blue and gold[1].
• Global Reach: Beta Gamma Sigma is active in numerous countries, with chapters outside the U.S. and a strong presence in major metropolitan areas worldwide[1].