Suffolk resident Richard Asbell III was recently inducted into James Madison University’s chapter of Beta Gamma Sigma, an international honor society for business students.

To be eligible for membership in Beta Gamma Sigma, an undergraduate student must be a junior or senior and rank in the top 10 percent of his or her respective class. Graduate students who rank in the upper 20 percent are also eligible.

Asbell is on track to graduate in May 2014 with a degree in management.

Induction into Beta Gamma Sigma is the highest honor a business student can receive in a bachelor’s- or master’s-degree program at a school accredited by AACSB International.