Embrace the Opportunity

A Letter From the President

Beta Alpha Psi had another wonderful year and the commitment of our community is key to our success. Our community is broad and consists of many stakeholders including but not limited to members, candidates, alumni, faculty advisors, chapter advocates, department chairs, deans, professional partners, executive office staff, board members, firms, companies, professional associations, sponsors, speakers, and exhibitors.  With the engagement of our vast community, together, we have been able to advance the mission and strategy of Beta Alpha Psi. 

While serving as Beta Alpha Psi President this year, I asked our members to position themselves for distinguished career paths and apply this year’s theme - Embrace the Opportunity. As our students prepare for their professional lives, they will need to be ready to embrace the positive and complex changes they will face as they move along their career journey. The potential they have to make significant contributions to their profession is unlimited, and the Beta Alpha Psi community is excited to be a part of their preparation and leadership development.   

The Board of Directors continued to implement the organization’s rolling strategic plan with three primary strategic goals that are featured throughout this report: 1) Increase gratitude; 2) Widen the Reach by thinking globally and acting locally; 3) Innovate knowledge sharing and learning through experience. This past year, we have increased our focus on Embracing Opportunity by allowing students to become candidates during the first year of their education, reviewed board governance practices, and added three new At-Large-Director positions to the Board of Directors to attract talent in the areas of finance, information systems and innovation. We continue to widen our reach internationally by exhibiting and attending more international conferences.  While we have made great traction in our Oceania region, we are just getting started in other international areas with focused plans for increased outreach.   

Our nine regional meetings were also centered on Embracing Opportunity and we had almost 2,000 total members present. It was also incredibly inspiring to see over 100 chapters participate in the Best Practices Competition at the regional meetings!  

The Annual Meeting in Washington, D.C. was an exciting event. Over 1,200 students attended the meeting from across the globe as we had invigorating professional sessions, keynote speakers, as well as many opportunities for networking and socializing. Many students competed in the annual Best Practices competition once again sponsored by Deloitte.  In addition, many participated in the Project-Run-With-It competition, sponsored by Moss Adams, which gave them the opportunity to work directly on projects for three local nonprofit organizations in the greater Washington, D.C. area.  

Our annual meeting would not be the same without our inspiring and impactful community service day - International Day of Literacy - sponsored by KPMG LLP and the KPMG Foundation. This special event kicked off the meeting with more than 900 volunteers delivering 12,000 school supply items and 2,787 books donated by meeting attendees for children in underserved neighborhoods across Washington, D.C. 

During the year, we grew by five new installed chapters and five new petitioning chapters. As we prepare to enter our 100th year, we have 318 active chapters and almost 14,000 active candidates and members. 

This year, Beta Alpha Psi Embraced the Opportunity. I am proud and honored to have served as your president for 2017-2018. 

Dr. Sandra B. Richtermeyer, PhD, CMA, CPA
Board President 2017-2018

 

To view the annual report, click here.

 

In light of evolving global business and academic communities, we developed these goals to map out the future and influence of the organization. 

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We believe in investing in the next generation of financial information and business leaders.  

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Complete this quick form about your experience with BAP and you may be included in a special 100th anniversary project that is in the works! 

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