The Fully Employed MBA (FEMBA) program is all about flexibility to accommodate your busy schedule. You can start the FEMBA program in either Fall (on-campus and Hybrid), or Spring (on-campus.)

Our rigorous and relevant curriculum is focused on refining your skills as an agile leader, anticipating disruption and capitalizing on marketplace opportunities.  Four key drivers of business growth underscore our approach and distinguish our graduates from other MBAs: strategic innovation, information technology, analytic decision-making, and collaborative execution. Each of these themes is integrated into the core to help you build a solid foundation on which to effectively compete in today's digitally driven world.

Another hallmark of the FEMBA program is teamwork. You attend all of the core classes and at least one of the off-site residentials with the students in your individual cohort. This model provides you with a collaborative and intense teamwork-driven environment.

Accelerated Spring Class

Start this March in the accelerated Spring 2018 class. Immediately start exploring career paths through electives and our centers of excellence. You will gain access to our full-service Career Center, executive mentoring and networking opportunities. By joining the Spring class, you will graduate in 24 months, earlier than if you start the program in Fall 2018. Spring 2018 students will lock in the Fall 2017 tuition rate, which does not increase once you start the FEMBA program.

Program Stucture

The FEMBA program consists of 21 courses, including nine core courses, nine electives, and three offsite experiential residentials, including one international residential trip. Most students complete the program from 24 to 33 months, depending on their schedule.

Spring Program Schedule - Accelerated

Key features of the Spring program:

  • Begins in March and completes the program at an accelerated pace
    • Graduate in just 24 months by taking classes during two consecutive summers
  • Take advantage of the 2017 tuition rate
  • During the core curriculum, attend 2 three-hour evening classes per week
    • Held on Mondays and Wednesdays 7:00 pm - 9:50 pm
  • Select from 40-50 electives in the last four quarters, offered Monday through Thursday evenings, Saturdays and online/hybrid options

  • Responding to Dynamic Times, Thinking Strategically in Organizations (Residential)
  • Organizational Behavior for Managers
  • Microeconomics for Managers

  • Statistics for Managers
  • Financial Reporting for Managers
  • Marketing for Managers
  • Competing with Digital

  • Managerial Finance for Managers
  • Operations Management for Managers

  • Elective
  • Elective

  • Strategic Management for Managers
  • Elective
  • International Residential
  • Elective
  • Elective

  • Elective
  • Elective

  • Elective
  • Elective
  • Executive Leadership (Residential)

Fall Program Schedule - On-Campus or Hybrid

Key features of the Fall program:

  • Begins in September; attend classes for a total of 9 quarters
  • Complete the program in 33 months with summers off or in 24-27 months including summer quarters
  • During the core curriculum, attend 2 three-hour evening classes per week
  • Select one of two program delivery options:


    • Take convenient weeknight core courses held on Tuesday and Thursday 7:00 pm - 9:50 pm
    • Select from 50-60 electives in the last four quarters, with flexible online, evening and Saturday options
    • On-campus students may enroll in online or hybrid elective courses as schedules permit


    • Hybrid section lectures are accessed online (60% of curriculum)
    • Students attend classes in-person on-campus 4 Saturdays per quarter from 8:30 am - 4:30 pm (40% of curriculum)
    • Students may enroll in hybrid, online, or on-campus electives as schedules permit
    • To learn more, see our Introduction to Hybrid FEMBA Sandbox course and Hybrid FEMBA flier

  • Opening Residential: Responding to Dynamic Times, Thinking Strategically in Organizations
  • Organizational Behavior for Managers
  • Microeconomics for Managers

  • Statistics for Managers
  • Financial Reporting for Managers

  • Marketing for Managers
  • Elective

  • Elective (optional)
  • Finance
  • Operations Management for Managers

  • Competing with Digital
  • Elective
  • Global Business (International) Residential

  • Strategic Management for Managers
  • Elective

  • Elective (optional)
  • Elective
  • Elective

  • Elective
  • Elective

  • Elective
  • Elective
  • Residential: Executive Leadership


We offer three exceptional off-site learning residentials: one before classes begin; one during your second-year in an international location; and one final capstone course. This sequence of requirements, particularly with an overseas component, is a unique feature of the Merage School.

Opening Residential: Responding to Dynamic Times: Thinking Strategically in Organizations
This 4-day experience, held in a local business hotel, lays the groundwork for the collaborative FEMBA learning environment. During this residential you will:

  • Work intensively with your cohort and small-study team, getting to know your new classmates well
  • Engage in case analysis, class discussion, presentations, group projects, and experiential learning
  • Learn about organizational design, culture and power; group processes; competitive analysis; corporate strategy; and business ethics

International Residential: Global Business II
A program highlight, this one-week residential is a rare, first-hand opportunity to learn about the socio-economic, cultural and political issues faced by key business players outside the US. Recent trips have been to major cities in Asia, South America and Europe focusing on how each country became a dominant political and economic force. In this course you will:

  • Gain insight into issues faced by US companies overseas, investment climate, banking and finance, supply chain management, and transitions in emerging economies
  • Meet with key officials such as senior executives in US and foreign-based companies
  • Tour companies in a variety of industries
  • Attend social events, enjoy fine dining, artistic performances or other cultural activities

Closing Residential: Executive Leadership
This 4-day capstone course on Executive Leadership is held at a mountain retreat conference center. You and your classmates reflect on the knowledge and expertise you gained at the Merage School in a structured setting, and discuss how you will successfully leverage these competencies as a manager and leader. At this residential you will:

  • Receive constructive 360-degree feedback from classmates, faculty and co-workers
  • Identify your leadership skills and learn tools to enhance them
  • Create an actionable long-term career plan

Students that do not participate in the Executive Leadership Residential will need to take 6-8 units of additional elective coursework.

Note: All program costs, speakers, events, transportation, and hotels are included in your tuition, with the exception of your round-trip airfare for the international residential. We make the arrangements for your accommodations for all three residentials.

Hybrid FEMBA

The Hybrid delivery option offers further flexibility by incorporating state-of-the-art online learning combined with on-campus classes and experiences, allowing you to complete the program at your own pace. This option allows you to take more electives during the first year, which is ideal for career enhancers, changers and entrepreneurs. Tailor your MBA experience and specialize in one or more areas to further help you to achieve your career goals.

Specializing Your MBA

During your final four quarters in the FEMBA Program, you will have the opportunity to tailor your MBA to your interests and career goals through a variety of electives spread across different academic areas. Approximately 45-50 electives are offered each academic year. You may also choose to enhance your MBA by completing one of our specializations.

Merage Consulting Projects Course

The Merage Consulting Projects course offers you the opportunity to gain consulting experience with an established company. Under the guidance of a dedicated faculty expert and with coaching by successful business executives, students engage in a 10-week project for course credit. 

Translate Curriculum Into Real-Life Application
Put into practice the business skills and tools you learn by addressing a legitimate business problem faced by a well-known area company. Class lectures augment your project with analyses of relevant mangerial issues. Some of the tangible benefits you receive from the course are:

  • Sharpen your conceptual, analytical and technical knowledge and skill sets
  • Gain valuable insight in a new industry and/or functional area
  • Gain skills in project management, management consulting, and solution-oriented management
  • Enhance your resume with professional experience that may be a stepping stone in your career
  • Focus on one or more strategic topics that cut across functional areas
  • Deliver an on-site presentation and written report with your team to senior management

Companies that participate in the course regularly report exceptionally high standards of satisfaction with the quality of the work our students provide. Consulting projects have been completed for diverse companies, ranging from consumer goods to high tech to financial intsitutions to real estate and beyond. A few of these corporations include:

  •  Advanced Medical Optics
  •  Altos Group
  •  Apria Healthcare
  •  Beckman Coulter
  •  Connexion by Boeing
  •  Deloitte
  •  Emulex
  •  ESI / Dodge
  •  First Team Real Estate
  •  Ingram Micro
  •  Lowe Enterprises
  •  Mazda
  •  Nestle Waters
  •  Northwestern Mutual Financial Network
  •  Pacific Life
  •  Pepsi
  •  Precept
  •  Restaurants on the Run
  •  The Gallup Organization
  •  Verizon Wireless

Elective Courses

  • Financial Statement Analysis and Valuation I
  • Financial Statement Analysis and Valuation II
  • Corporate Valuation
  • Derivatives
  • Investments
  • Mergers and Acquisitions - Growth Strategies
  • Multinational Finance
  • Portfolio Management
  • Risk Management
  • Venture Capital and Private Equity
  • Wealth Management
  • Business Intelligence for Analytical Decisions
  • Critical IT Decisions for Executives
  • Database Management and Applications
  • Digital Strategy & Markets
  • Merage Consulting Projects
  • Business Law
  • EDGE
  • Advertising and Communications Management
  • Brand Management
  • Consumer Behavior
  • Design Management and Innovation
  • Marketing on the Internet
  • Marketing Research
  • Marketing Strategies for High-Tech Companies
  • Micromarketing Lab
  • New Product Development
  • Analytical Decision-Making Models for Management
  • Decision Analysis
  • Forecasting and Data Mining
  • Project Management
  • Supply Chain Management
  • International Management
  • Negotiations
  • Organizational Change
  • Strategic Communications
  • Applied Real Estate Security Analytics and Portfolio Management
  • International Real Estate
  • Introduction to the Real Estate Process
  • Mortgage-Backed Securities and Structured Debt
  • Real Estate Capital Markets
  • Real Estate Development Process
  • Seminars on the Real Estate Enterprise
  • Business Dynamics
  • Competitive Intelligence
  • Entrepreneurship
  • Global Competitive Strategy
  • New Venture Management
  • Topics in Strategic Innovation

MBA Specializations

In partnership with our Centers of Excellence, we offer four MBA specializations:


As a FEMBA student, you join an exceptional learning community. Our professors are top scholars who have been educated at many of the nation’s most prestigious universities. They consult at Fortune 500 companies, advise global enterprises, and counsel executives at the highest levels. Our real-world practitioners include CEOs and senior leaders from global enterprises. You benefit from the same faculty and practitioners who teach in all the Merage School MBA programs.

Faculty recognition extends far beyond the classroom to include scholarly research that is published in top-tier academic publications. Rather than passing along old information, they create new knowledge, new business models, and bold new solutions. Merage School faculty offer you exceptionally high standards. The level of expertise, rigor and enthusiasm they bring to your education is second to none.

Learn more about the Merage School faculty.

“My Merage School MBA has given me a real edge in business – including the skillset to launch a successful start-up. I would enroll again in a heartbeat.”

Jon Rettinger, FEMBA ’11