To be eligible for membership, undergraduates must have completed 30 semester hours at the University of Baltimore and must rank in the upper ten percent of the undergraduate enrollment. The local chapter inducts members every spring. Membership is ordinarily held for life, and the original induction fee is the only national fee ever paid.
Membership is open to students, faculty and alumni.
To be eligible for membership students must have a declared concentration in accounting, have completed at least one upper level accounting course in addition to two years of collegiate business and non-business courses, have a grade average in upper level accounting courses of at least 3.0 and have attained a cumulative GPA of at least 3.0 or have achieved a rank within the top 35 percent of their class or have attained at least 3.25 GPA on the most recent 30 hours. As the national honor society for students of business recognized by the American Assembly of Collegiate Schools of Business, Beta Gamma Sigma holds a position analogous to Phi Beta Kappa in the arts or Sigma Xi in the sciences. To be eligible for membership, students must be projected to rank in the top 10 percent of their senior class at graduation or in the top 20 percent of their class at the Masters level at graduation. Juniors must rank in the top 7 percent of their class. Mu Kappa Tau is the oldest national marketing honor society, founded in 1966 in order to pursue and recognize academic excellence in marketing.