The primary objective of Beta Alpha Psi is to encourage and give recognition to scholastic and professional excellence in the business information field.
Beta Alpha Psi is governed by a constitution and bylaws.
The governing body is the Board of Directors.
Beta Alpha Psi gains a portion of its annual budget from a charter maintenance fee and a one-time initiation fee.
Although there are other minor revenues from royalties and interest on investments, the bulk of the receipts come from contributions from industry, consulting and professional service firms.
The emblem of Beta Alpha Psi denotes the promise of careers for financial information professionals. The rising sun signifies these professional positions as rising ever higher among economic activities. The crossed keys symbolize knowledge as a means of opening the doors of the financial world. The letters Beta, Alpha, and Psi denote scholarship, social responsibility, and practicality, respectively.
11 members were initiated into the first BAP chapter.
First African-American member, William L. Camfield, initiated.
First female member, Jeannine Skelton (McKee) initiated.
Initiation fee was $7.50.