The reasons people join these groups might vary. Most people probably want to make more friends and have a full social calendar, while others might want to form connections with past and current brothers that could be useful in later life.
We combed through a bunch of fraternities notable members lists to find big Wall Street names, both past and present, who were brothers.
We’ve included a round up of frats that have produced some of the biggest, and in a couple cases some of the most infamous, names on the Street.
If you know of any that we’re missing, feel free to send an email to jlaroche@businessinsider.com. If anyone knows of sorority alums working in finance, feel free to send those names, too.
Zeta Beta Tau (ZBT)
Notable Wall Street members: SAC Capital’s Steve Cohen (UPenn), former chairman of Bear Stearns Alan “Ace” Greenberg, Cantor Fitzgerald vice chairman Stuart Fraser (University of Missouri)
Founded: December 29, 1898 (114 years) City College of New York
Nickname: “ZBT” or “Zebe”
Mission Statement: “The mission of Zeta Beta Tau Fraternity (ZBT) is to foster and develop in its membership the tenets of its Credo: Intellectual Awareness, Social Responsibility, Integrity and Brotherly Love, in order to prepare its members for positions of leadership and service within their communities.
“Mindful of its founding in 1898 as the Nation’s first Jewish Fraternity, ZBT will preserve and cultivate its relationships within the Jewish community. Since 1954, ZBT has been committed to its policy of non-sectarian Brotherhood, and values the diversity of its membership. ZBT will recruit and initiate men of good character, regardless of religion, race or creed who are accepting of these principles.”
Size: Over 140,000 initiated
Source: ZBT
Phi Kappa Psi (ΦΚΨ)
Famous Wall Street members: Michael Bloomberg (Founder of Bloomberg LP), Bill Gross (Founder of Pimco), Orra Monnette (Founder of Bank of America)
Founded: February 19, 1852 (161 years ago) Jefferson College
Nickname(s): Phi Psi
Motto: Conjugati Amicitia,Vindicate Honore,Et Ducti Vero,Vivimus et Vigemus. United by friendship,sustained by honor,and led by truth,We live and we flourish.
Alpha Tau Omega (ΑΤΩ)
Famous Wall Street members: Lehman Brothers ex-CEO Dick Fuld (University of Colorado at Boulder)
Founded: September 11, 1865 Virginia Military Institute
Nickname(s): “ATO” or “Taus”
Mission Statement: “To bind men together in a brotherhood based upon eternal and immutable principles, with a bond as strong as right itself and as lasting as humanity; to know no North, no South, no East, no West, but to know man as man, to teach that true men the world over should stand together and contend for supremacy of good over evil; to teach, not politics, but morals; to foster, not partisanship, but the recognition of true merit wherever found; to have no narrower limits within which to work together for the elevation of man than the outlines of the world: these were the thoughts and hopes uppermost in the minds of the founders of the Alpha Tau Omega Fraternity.”
Source: ATO
See the rest of the story at Business Insider
Education
19 College Fraternities With Top Wall Street Alumni
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