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It opens doors in both academia, industry and business. As one poster has mentioned, there is no Phi Beta Kappa who will not let you know it on his or her resume. It begins with graduation. Not all high honors graduates are Phi Beta Kappa. At Morehouse if you are, when they call your name, they say High Honors - Phi Beta Kappa.
Engineering is a great degree, but that is something that we don't know. It is like being a 'Skull and Bones' from Yale. When junior decided that he was not going to join, papa Bush showed up and said "I know that you will do the right thing". We always know what happened. What we don't is what might have happened. I suppose that you can ask the same questions of the masons, elks, Shriners and other fraternal orders.
I don't know where you got that idea. The question was why don't more HBCUs have Phi Beta Kappa Chapters. As far as I know, it is the number one scholarly society in the world. Getting a Phi Beta Kappa chapter is far more difficult than passing the required accreditation. It is also a great honor for the students selected. Just being A straight A book worm will not get you in. Obtaining a Phi Beta Chapter is a challenge. I would be very proud of any HBCU that did so.
We have 1.5 million black millionaires. 30 percent make 75000 a year and 20% make over 100,000. The majority of black millionaires live in South Africa