Membership in Beta Alpha Psi includes those persons of good moral character who have achieved scholastic and/or professional excellence in the fields of accounting, finance, or information systems, who have been initiated by an existing chapter and who remain in good standing.

Minimum scholastic requirements for undergraduate membership are set forth in the Gonzaga Iota Delta Chapter by-laws. Graduate student initiates must have been accepted and matriculated into one of the Gonzaga business masters degree programs. In addition to the scholastic requirements, candidates for membership must meet service and meeting attendance requirements.