The Beta Epsilon received the Best Fraternity Award on February 22, 2005, given by UP President Ermalinda Roman, for its outstanding service and projects to the UP community throughout its lifespan. The award was received by Prof. Dominador Ilio, in the presence of resident and alumni Betans. To date, the Beta Epsilon is the only recipient of the Best Fraternity Award.

The Beta Epsilon aims to provide inspiration for the ideals of social service. A manifestation of this is the Beta Epsilon Way. As a testament to the brotherhood’s commitment to this aim, the fraternity was awarded the Wenceslao Q. Vinzons Achievement Award on October 9, 1962 by the University Student Union. The award was given “in recognition of leadership displayed in the field of civic-spirited campus projects”. The Beta Epsilon is the only fraternity to be given this award.

The largest contributor to the College of Engineering's Top 100 Most Outstanding Alumni (24 of 100; Including the Primus Inter Pares - The First Among Equals).

For its multiple efforts, the Beta Epsilon fraternity received the Natatanging Samahan ng mga Iskolar ng Bayan award. The award was given on February 28, 2014 during the annual Parangal sa Mag-Aaral, in recognition of the fraternity's honor and excellence in its civic service projects. The Beta Epsilon stays true to its aim of service to the country in general and to the UP community with projects such as the UP Lagoon Rehabilitation Project and in sending aid to the victims of typhoon Yolanda.

On June 14, 2021, the Beta Epsilon has been awarded the Gawad Tsanselor Para sa Natatanging Organisasyon na Tumulong sa UP Diliman sa Panahon ng Pandemya for its continuous service to the community amidst the Covid-19 pandemic. This recognition was also virtually awarded on June 25, 2021 by Chancellor Fidel R. Nemenzo at the UP Lagoon.