Fraternity Membership Offers Benefits for Future Businesspeople

Students join fraternities and sororities for a variety of reasons, ranging from a desire to acquire ready-made friends to the perpetuation of a generations-long college tradition. However, for the aspiring business leader, joining a Greek organization can be a highly effective strategic networking move. Fraternity and sorority members are connected for life. One does not cease to become a member after he or she graduates. Years after leaving campus, two members of the same fraternity can meet for the first time, and right away they have something in common and a foundation on which to build a relationship. For aspiring entrepreneurs, joining a sorority or fraternity means gaining instant access to a nationwide or even worldwide network. When the time comes for members to pursue partnerships or market their businesses, they can often access this network to gain inside opportunities.

Greek life members also frequently support one another with access to job and interview training, mentoring, and other services that can help to jump-start their careers. This is particularly true in the case of business fraternities, which focus on building professional skills and preparing members for careers in the business world. Many members hold mock interviews or presentations, which allow them to hone their skills while learning by observing others. Like social fraternities, business fraternities encourage members to then apply these skills by networking with alumni, those in other chapters, and even third-party connections.

Furthermore, Greek organizations typically model the leadership and collaboration that are crucial for a successful executive or business owner. Fraternities and sororities organize meetings and events, orient new members, and collaborate in running their houses. The skills correlate directly with those necessary to start a business or lead a team, according to campus speaker and entrepreneur David Stollman.

Members of Greek organizations know that the networks that they are building now will help them to build their future careers. Research confirms this correlation, as well, with statistics that place the first female senator, all but three United States presidents, and 85 percent of Fortune 500 executives as members of fraternities or sororities. The future will likely add to these numbers.

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