Once tapped, new members are initiated through a series of rituals designed to foster a sense of loyalty and camaraderie. These initiation ceremonies, held within the society's windowless headquarters known as "The Tomb," are steeped in tradition and secrecy. While some accounts describe macabre rituals involving human remains, these stories are often dismissed as exaggerations. More credible reports suggest that the rituals are symbolic and theatrical, aimed at creating a strong bond among members.

The influence of Skull and Bones extends far beyond the confines of Yale University. Many of its members, known as Bonesmen, have gone on to occupy positions of significant power in various fields. This includes notable figures such as former U.S. Presidents William Howard Taft, George H.W. Bush, and George W. Bush. The society's alumni network is a powerful tool, providing members with connections that can be leveraged throughout their careers. This has led to speculation about the extent of Skull and Bones' influence in American and global politics.

Conspiracy theories about Skull and Bones abound, fueled by its secretive nature and the prominence of its members. Some theories suggest that the society is part of a global network of secret organizations that manipulate world events. Others believe it has direct control over major financial institutions and government bodies. While these theories often lack concrete evidence, the mystique of Skull and Bones ensures they persist in the popular imagination. The society's influence on the careers of its members lends some credibility to the idea that it wields significant power behind the scenes.

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