Loyola University Chicago

Quinlan School of Business

Beta Alpha Psi


Dear Loyola Student:

As faculty advisors to the Beta Iota Chapter of Beta Alpha Psi (BAP), we 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)

  1. Declared concentration in accounting, finance, or information systems
  2. Sophomore status with 30 hours or more of earned credits
  3. An overall GPA of 3.4 (A = 4.00)

(Students that have completed at least one upper level course in their major)

  1. Declared concentration in accounting, finance, or information systems
  2. A 3.0 cumulative GPA (A = 4.00) in upper level major courses
  3. A 3.0 cumulative GPA (A = 4.00) in all subjects completed

If you meet the above requirements and 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 a one-time fee of $215.

Information concerning membership is available on the Loyola BAP website. If you have any additional questions regarding membership, you can contact either of the faculty advisors: Professor Lisa Gillespie (lgilles@luc.edu) or Professor Kathy Horton (khorton3@luc.edu).

Application for Membership

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 advisors, Professor Lisa Gillespie and Professor Kathy Horton, provide 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 professions
  • 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

Community Service

Beta Alpha Psi assists different groups in our community. Each semester we attempt to help those in need through activities with different not-for-profit organizations in Chicago.

Campus & Student Services

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 more aware of issues presently impacting the accounting, finance, and information systems profession and to provide 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.

Professional & Technical Programs

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 provides members an opportunity to meet with the professional speaker in a social atmosphere.

Social Interaction

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

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, and  Recording Secretary. 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.