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Question & Answer Page
Is Beta Alpha Psi a fraternity exclusive to Iowa State? No, Beta Alpha Psi is honorary organization for Financial Information students and professionals, with over 263 chapters and over 300,000 members initiated since Beta Alpha Psi's formation in 1919. The Beta Alpha Psi national website is located at www.bap.org.
If I am an Undergraduate student at Iowa State, which requirements do I have to fulfill to pledge? If you are an undergraduate student, you must have declared a concentration in accounting, finance or management information systems (or have stated an intention to declare a concentration in accounting, finance, or information systems); have completed at least one year of collegiate courses (30+ semester hours or equivalent), and have attained a cumulative grade average of an least 3.0 (where A is equal to 4.0) or the equivalent. For additional details, please see the Membership Requirements page.
How do I officially become a member? Individuals may continue as Pledges so long as they remain active in their chapter. Pledges may remain Pledges until the first semester of association with Beta Alpha Psi after they have completed two years of collegiate courses and at least one upper level course in accounting, finance, or information systems beyond the business core. At that point they must have satisfied all the requirements for membership and be initiated or be dropped as a Pledge. Pledges will cease to be classified as pledges when they no longer have a declared area of concentration in accounting, finance, or information systems. Upon completing pledging, a special banquet will be held at the end of the semester to initiate you as a new member of Beta Alpha Psi.
What does a pledge do throughout the semester to earn membership? The current rules mandate that pledges are required to attaint a minimum of 50 points, attend five of the last nine meetings of the year, participate in one social event and one service event during the semester. Please also refer to the Iota Beta Chapter Point System and Membership Requirement pages for more information.
How often are meetings held during a semester? Meetings are held every Tuesday in Gerdin 0119 at 5:00 p.m. Business casual or professional attire is not necessary. Please refer to the Meeting Schedule for additional details.
What is the amount for the initiation fee? A one-time fee of $75.00 is required at the time of initiation. After the initiation fee has been paid, no annual or semester fees are ever required. The one-time initial fee of $75.00 is used to purchase food for weekly presentations, subsidize a majority of the cost for Meet the Firm banquet, purchase annual Beta Alpha Psi t-shirts at a discounted cost to members, fully fund all social events, and the fund the annual spring trip.
I want to be in Beta Alpha Psi but due to work or class conflicts, I can't attend the meetings. How do I obtain points to become or remain a pledge or member? If you are not able to attend Beta Alpha Psi meetings due to work or class conflicts, an alternative method of obtaining the necessary points is volunteering for the Accounting Help Lab. By volunteering for the Accounting Help Lab for at least one hour every week, you may obtain enough points to obtain or retain your membership status. Please also refer to the Iota Beta Chapter Point System and Membership Requirement pages for more information.
I have an internship during the Fall or Spring semesters and will not enrolled in school. How does this effect my Beta Alpha Psi membership status? Please notify the Membership Chair that you will not be enrolled at Iowa State and will be participating in an internship. If you are not enrolled at Iowa State due to an internship, you are not required to fulfill Beta Alpha Psi's Membership Requirements for that semester. Your membership status will be changed to "On Leave" for the semester of your internship.
What should I wear to the weekly meetings? Can I bring my resume to give to the presenting employer? Beta Alpha Phi's weekly meetings are held in an informal setting. As a result, informal dress is preferred and business casual or professional attire is not necessary. The weekly meetings provide opportunities to informally interact with presenting employers and thus resumes are also not encouraged.
Can Pledges run for positions on the Beta Alpha Psi Executive Board? Yes, both pledges and members are allowed to run for Beta Alpha Psi. Elections are held towards the end of the fall and spring semesters for each Executive Board position. What if my cumulative GPA is just below a 3.0? Am I not able to participate in Beta Alpha Psi? As you may be aware, one of Beta Alpha Psi's membership requirements is "to have attained a cumulative grade point average of at least 3.0 (where an A is equal to 4.0) or the equivalent." This is a requirement established by the Beta Alpha Psi national office. However, if your cumulative GPA is just below a 3.0 and you are interested in participating in Beta Alpha Psi activities, please contact bapexec@iastate.edu or talk to the ISU Beta Alpha Psi President. The Beta Alpha Psi Executive Board is more than happy to work with you and discuss your options that may allow you to participate in the many services that Beta Alpha Psi has to offer.
I am currently a freshman in academic standing. Am I not able to participate in Beta Alpha Psi? As you may be aware, one of Beta Alpha Psi's membership requirements is to "have completed at least one year of collegiate courses (30+ semester hours or equivalent)." This is a requirement established by the Beta Alpha Psi national office. However, if you are currently a freshman in academic standing and you are interested in participating in Beta Alpha Psi activities, please contact bapexec@iastate.edu or talk to the ISU Beta Alpha Psi President. The Beta Alpha Psi Executive Board is more than happy to work with you and discuss your options that may allow you to participate in the many services that Beta Alpha Psi has to offer.
Do you still have any additional questions? Please feel free to e-mail the executive committee at bapexec@iastate.edu.
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