Prior to 1900, schools of business had been established at the University of Pennsylvania (1881), University of Chicago (1898), and University of California (1898).

The class that entered NYU in the fall of 1902, four months after the first of the new degrees had been awarded by the university, was unique in several respects. First, it was the three-year class; second, all students studied the same subjects; third, there were no textbooks -- everything was new and somewhat crude; fourth, Dean Haskins died during the first semester; and fifth, Dean Johnson was promoted to the deanship during the same year.

Other things occurred that had a strong bearing on the early development of the Fraternity. The founders occupied the same seats five nights a week. They became acquainted with one other. Four men from Brooklyn (Bergen, Jefferson, Lane, Leach), later known as the Brooklyn Four, walked home from school together over the Brooklyn Bridge. The spirit of brotherhood grew so strong in the hearts and in the minds of the men from Brooklyn that early in the second year they decided to suggest to the other members of their class that something be done to perpetuate it, and Alpha Kappa Psi, the first professional fraternity in business, was founded at an organization meeting help October 5, 1904.

On March 20, 1905, formal application was made to the State of New York for a charter of incorporation for Alpha Kappa Psi. This application was drawn up in the handwriting of Frederic R. Leach and was signed by the ten Founders: George L. Bergen, Irving L. Camp, Robert S. Douglas, Daniel V. Duff., Howard M. Jefferson, Nathan Lane, Jr., Frederick R. Leach, Morris S. Rachmil, William O. Tremaine, and Herbert M. Wright.

The application was approved and the charter of incorporation officially issued in the name of Alpha Kappa Psi on May 20, 1905.

In 1910, Beta Chapter at the University of Denver was installed; in 1911, Gamma at Northwestern University; in 1912, Delta was established at the University of Pittsburgh. Thus began the national development of Alpha Kappa Psi.

Now, over 230 college chapters and over 75 alumni chapters have been installed, over 140,000 members have been inducted and Alpha Kappa Psi is one of the largest of American college fraternities.

Prominent Alumni include:

• Presidents Ronald Reagan and Richard Nixon
• Bernard Faubert - Former CEO of K-Mart
• Frank D. Stella - Former Chairman of the Michigan Republican Party
• Malcolm Forbes, Jr.
• Lee Iacocca
• J.E. Davis (founder of Winn-Dixie)
• Jeremy Williams
• Warren E. Hearnes - Governor of Missouri.
• Bill Bradley - New Jersey Senator.
• James C. Penney - Founder and President of J.C. Penney Co.
• J. Willard Marriott - Founder and President of Marriott Motor Motels and Hot Shoppe Restaurants.
• James A. Ryder - President of Ryder Truck System, Inc.
• Donald Douglas Jr. - President of Douglas Aircraft Corp.
• William M. Allen - President of Boeing Airplane Company.
• Joyce C. Hall - President of Hallmark Cards, Inc.
• Samuel F. Hinkle - Chairman of the Board & President of Hershey Foods.
• David S. Lewis - President McDonnell Aircraft Corp.
• Dr. F. Story Musgrave - Astronaut, NASA.
• Sam Walton - Founder of Walmart and Sam's Club.
• Ed Fulner - President of the Heritage Foundation.
• Richard Allen - CEO of Delta Airlines.
• David Hartman - Good Morning America.

Today the need for this exciting and productive combination of values is just as great. A. K. Psi is among the twenty largest national college fraternities with over 140,000 members, including 4,500 faculty - most of whom are successful business executives. It is a complete, well integrated, capably administered national business fraternity standing for the highest ideals of conduct and achievement in university and professional life.

All members have a deep commitment to business and a personal respect and admiration for their fellow brothers.