Beta Alpha Psi
Dear Loyola Student:
As faculty advisor to the Beta Iota Chapter of Beta Alpha Psi (BAP), I would like to introduce our organization to you, a prospective member. Beta Alpha Psi is an honorary organization for Financial Information students and professionals. The primary objective of Beta Alpha Psi is to encourage and give recognition to scholastic and professional excellence in the business information field. This includes promoting the study and practice of accounting, finance and information systems; providing opportunities for self-development, service and association among members and practicing professionals, and encouraging a sense of ethical, social, and public responsibility. Membership in the Organization is a privilege bestowed only upon the very best students.
Active participation in BAP will help you develop skills in interacting with people and taking on responsibility. Public accounting firms and corporations alike value these abilities as much if not more than your technical skills. Additionally, membership in BAP gives you the opportunity to gather information firsthand about your chosen profession, which in turn will allow you to make informed decisions about your career path. This is a great opportunity.
Students are initially eligible to participate in Beta Alpha Psi as a pledge. The requirements that correspond to pledge status are:
(Sophomores and first semester juniors only)
- Declared concentration in accounting, finance, or information systems
- Sophomore status with 30 hours or more of earned credits
- An overall GPA of 3.4 (A = 4.00)
(Students that have completed at least one upper level course in their major)
- Declared concentration in accounting, finance, or information systems
- A 3.0 cumulative GPA (A = 4.00) in upper level major courses
- A 3.0 cumulative GPA (A = 4.00) in all subjects completed
If you meet the above requirements and do intend to join, please understand that it is very important that you participate in the activities of the organization. Active membership is important not only for the reasons discussed above, but also because this is a national honors organization, and as such, reports to a national office. Achieved Chapter status is greatly influenced by member participation. Recognize that a significant majority of our professional, technical, and social gatherings are held, typically at 4 p.m. Dues are $60 for the year and are payable (to Beta Alpha Psi) with the application along with a $55 national office fee (total of $115).
Information concerning membership is available from the Chapter President, Co-Faculty Advisor, Professor Lisa Gillespie (firstname.lastname@example.org), or me during the first few weeks of class. If you have any questions regarding membership, please contact me at 312.915.7106 or visit me at 1 E. Pearson, Office # 526.
Brian B. Stanko, PhD, CPA
Co-Faculty Advisor, Beta Iota Chapter
- Campus & Student Services
- Community Service
- Officer Elections
- Professional & Technical Programs
- Social Interaction
Beta Alpha Psi (BAP) is a national accounting, finance and information systems honor society whose broad objective is to promote and recognize scholastic achievement and professional excellence between accounting, finance and information systems students and alumni. The Loyola University Chicago Chapter of Beta Alpha Psi was chartered in 1960 and continues to grow in strength and diversity. Our faculty advisor, Dr. Brian Stanko, provides us with guidance and nurturing.
We have earned the respect of accounting firms, industry and faculty because we maintain high standards and expectations of our members. Our success is dependent on the strong, active participation of our members.
What we do
In seeking to promote and recognize scholastic achievement and professional excellence between accounting, finance and information systems students and alumni, our detailed objectives include:
- To encourage interest in the accounting, finance and information systems profession
- To provide opportunities for members to interact with accounting and business professionals, faculty and other students
- To provide informative programs, encouraging the development of professional growth
- To provide assistance to campus and community organizations, as well as to encourage cooperation and association with other student organizations and BAP Chapters
- To increase interaction with Chicago area accounting firms and industry through promotion of accounting, finance and information systems excellence, as well as participation in placement service activities and industry tours
Beta Alpha Psi assists different groups in our community. Each semester students assist the Francis Soup Kitchen. From January through April, students assist individuals in filling out their tax returns through the Internal Revenue Service Volunteer Income Tax Assistance (VITA) program.
Beta Alpha Psi members provide free tutoring on a walk-in basis two days a week during the Fall and Spring Semesters (one day a week on the Lake Shore Campus). Tutoring is held in the Beta Alpha Psi office on the 4th floor of Maguire Hall, 1 E. Pearson, on the Water Tower Campus and in the Tutoring Center in Damen Hall on the Lake Shore Campus. Each year, BAP sponsors a "Meet the Firms Night," where accounting, finance, and information systems students have the opportunity to speak one-on-one to representatives of firms and companies who are presently hiring Loyola students.
BAP also has the opportunity to interact with other Beta Alpha Psi chapters during the annual regional meetings and national meetings. Regional meetings are typically held in Chicago or another Midwest location, while the national meeting is held in various locations throughout the country. These meetings are designed to give members an opportunity to become abreast of issues presently impacting the accounting, finance, and information systems profession and to give members an open forum to discuss issues impacting their chapters. During these meetings, active members also have presented their award-winning technical manuscripts. Many students over the years have been recognized as literary scholars for submitting manuscripts to the Undergraduate Manuscript Contest and national seminar scholars for submitting manuscripts to the Thomas J. Burns National Student Seminar.
Beta Alpha Psi sponsors technical programs each semester. These programs are designed to enhance the students knowledge base, supplement class material, aid students in selecting careers, and provide an opportunity for students to interact with accounting, finance, information systems, and industry professionals. We often have lunch after our professional meetings, which gives members an opportunity to meet with the professional speaker in a social atmosphere.
Beta Alpha Psi organizes various social events to help develop interpersonal communication skills that are necessary during the recruiting season. Professional relationships developed through social contact at Beta Alpha Psi events are valuable assets to have for both the present and the future.
Officer elections occur in the latter part of the second semester of the year. Elections are held for the following offices: President, Vice President, Treasurer, National Office Correspondent, Recording Secretary, and Internal Auditor. Elected officers will begin their term following the end of the second semester. Newly elected officers will also be given the opportunity to attend the National Meeting following their election.