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The Society was founded on February 26, 1913 with the union of three pre-existing local societies for men in commerce and economics. These were: Beta Gamma Sigma (1907) at the University of Wisconsin, the Economics Club (1906) at the University of California, and Delta Kappa Chi (1910) at the University of Illinois. The three are considered co-equal founding institutions.

The mission of Beta Gamma Sigma is to encourage and honor academic achievement in the study of business. cultivate and celebrate leadership and professional excellence and build their professional skills; to foster an enduring commitment to honor and integrity. the pursuit of wisdom, earnestness. and service; and to serve its lifetime members by helping them network and connect.

Today, only AACSB schools are eligible to host chapters.

Beta Gamma Sigma was older, by five years, and the society retained its name.

The organization is a member of the Association of College Honor Societies.

In 2020, Beta Gamma Sigma added new societal impact standards and practices.

declaring that business can be a force for global good and have committed to incorporating the environmental, social.

& governance (ESGs) criteria and the Sustainable Development Goals (SDGs) into their business operations and programming.

Alumni groups provide ongoing educational and networking opportunities for members in person and virtually.

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