Glossary of Beta Gamma Sigma Terms
The following is a list of commonly used Beta Gamma Sigma terms.
- BetaNet - Home page of Beta Gamma Sigma on the World Wide Web.
- BGS CareerCentral - Beta Gamma Sigma’s on-line job board. This service, offered exclusively to BGS members, connects “the best in business” with those corporations and organizations wishing to hire them.
- BGS International Exchange - Official newsletter of the Society; mailed to membership at least twice per year.
- BGS Store - Beta Gamma Sigma's on-line store for BGS Logo apparel, gifts and regalia
- Biennial Meeting - Business meeting of the Society held every two years where members of the Board of Governors are elected.
- Board of Governors - Elected governing body of the Society.
- Business Achievement Award - International program that honors business persons for recognition based on nominations by collegiate chapters.
- Central Office - International headquarters of the Society; located in St. Louis, Missouri.
- Chapter Advisor - Faculty member who coordinates chapter activities and serves as liaison with Central Office; usually serves as Secretary/Treasurer of the collegiate chapter, as well.
- Chapter Constitution and Bylaws - Governing documents of the collegiate chapter.
- Chapter Honoree - Individual selected for special recognition by the chapter at the induction ceremony based on outstanding business contributions.
- Faculty Driven Honor Society - Beta Gamma Sigma is an honor society administered by faculty to recognize the outstanding academic achievements of business students; BGS is not a student club. Chapters are required to have a Faculty President and Secretary/Treasurer; vice presidents may be student members.
- Induction - Ceremony that provides membership to individuals.
- Installation - Ceremony that establishes a chapter of the Society.
- Lapel Pin - BGS insignia provided to new members as part of membership.
- Letter of Intent - Written request to the Board of Governors requesting approval to establish a Beta Gamma Sigma chapter.
- Lifetime Membership Fee - $65 (U.S.) fee, which provides membership for a lifetime.
- Medallion for Entrepreneurship - Program that selects entrepreneurs for international recognition based on nominations by collegiate chapters.
- Membership Acceptance Rate - Percentage of those invited to membership who accept the invitation. The membership acceptance rate is used as a threshold criteria for consideration for the Scholarship and Outstanding Chapter programs.
- Membership Certificate - Personalized certificate of membership presented to new members as part of membership.
- Outstanding Chapter - Program that awards scholarships to the most outstanding collegiate chapters of the Society.
- MDP (Membership Data Profile) - Personal information sheet completed by each new member and provided to the Central Office, allowing members to be included in the Society’s membership records.
- Regalia - Items portraying the Society’s logo, which are available to chapters and/or members in the BGS Store
- Ritual - Formal program that iterates the purposes of the Society and requires a commitment from new members; recited at the induction ceremony.
- Scholarship Program - Program which provides $500 in matching scholarship funds for chapters that meet specific criteria.
- Second Recognition Certificate - Certificate which can be presented to current BGS members who again meet the criteria for membership, but at another degree level (i.e. masters or doctoral level).
- Tapping Ceremony - Ceremony where those eligible for Beta Gamma Sigma membership are recognized in the classroom with a formal invitation to become a member.
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