Phi Chi Theta is a National Coeducational Professional Fraternity in Business and Economics. Phi Chi Theta was founded on June 16, 1924, in Chicago, Illinois. The founders were six women from two of the competing business fraternities, Phi Theta Kappa and Phi Kappa Epsilon. These women joined forces to form an organization whose purpose is:
'To promote the cause of higher business education and training for all individuals,
to foster high ideals for everyone pursuing a career in business;
to encourage fraternity and cooperation among people preparing for such careers;
and to stimulate the spirit of sacrifice and unselfish devotion to the attainment of such ends."
Our Mission Statement:
Be it known that the mission of Phi Chi Theta, a national professional fraternity, is to provide an opportunity to develop and practice those professional leadership skills and abilities necessary to succeed in the business community; provide a local and national network to share resources, ideas and concepts; instill in its membership those values, codes, and creeds which will enable participation in a rapidly changing world; and enable members to develop the business astuteness necessary to achieve high esteem and success in their chosen fields.
Today, the Phi Chi Theta National Chapter is comprised of 40 Collegiate and Alumni Chapters. Phi Chi Theta has over 20,000 members across the country. The National Chapter is the governing body of Phi Chi Theta and consists of the duly elected National Officers and National Delegates.
The National Officers are deemed the Executive Council, and have the authority to administer the affairs of the Fraternity during the interim between Biennial National Chapter Meetings. Phi Chi Theta is a member of and is affiliated with the American Assembly of Collegiate Schools of Business (AACSB), the Professional Fraternity Association (PFA), and the College Fraternity Editors Association (CFEA).
National Website: www.phichitheta.org
1950: Professor Ralph Wherry from the Department of Economics and Commerce began a professional business organization for women, called Chi Theta. This group petitioned to become a chapter of Phi Chi Theta but was unable to because Penn State lacked the qualification of a separate business school.
1953: The College of Business Administration was established at Penn State.
1955: The Chi Theta group was inducted into PCT as the Alpha Iota chapter.
Motto: “May the candle of knowledge guide our ship to achievement.”
Purpose: Phi Chi Theta’s purpose is to promote the cause of higher business education and training for all individuals, to foster high ideals for individuals in business careers, to encourage fraternity and cooperation among individuals preparing for such careers, and to stimulate the spirit of sacrifice and unselfish devotion to the attainment of such ends.
Our creed is as follows: “I do solemnly promise to be true and loyal to the ideals of Phi Chi Theta, to strive at all times to uphold its standards, and to work always for its best interests.”
Colors: Lilac & Gold