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. Woven throughout the program are four drivers of business growth -- strategic innovation, information technology, analytic decision-making, and collaborative execution -- taught through the latest research insights, real world projects and industry case studies. 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 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 2019 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 2019. Spring 2019 students will lock in the Fall 2018 tuition rate, which does not increase once you start the FEMBA program.

Program Structure

The FEMBA program consists of 19 courses, including nine core courses, seven electives, and three offsite experiential residentials, including one international residential trip. Most students complete the program from 24 to 33 months, depending on their individual academic and career goals.

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 2018 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

  • Thinking Strategically in the Digital Age (Residential)
  • Organizational Behavior for Managers
  • Financial Reporting for Managers

  • Business Analytics
  • Elective
  • Marketing for Managers
  • Microeconomics

  • Operations Management for Managers
  • Managerial Finance for Managers

  • International Residential
  • Competing with Digital
  • Strategic Management for Managers

  • 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

  • Thinking Strategically in the Digital Age (Residential)
  • Organizational Behavior for Managers
  • Microeconomics for Managers

  • Business Analytics
  • Financial Reporting for Managers

  • Marketing for Managers
  • Managerial Finance

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

  • Competing with Digital
  • Elective

  • International Residential
  • Strategic Management for Managers
  • Elective

  • Elective (optional)
  • 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: Thinking Strategically in the Digital Age 
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:

  • 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: Most program costs, speakers, events, and hotels are included in your tuition. With the exception of transportation, we make the arrangements for your accommodations for all three residential.

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 managerial 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 institutions 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

Curriculum & Electives

Our curriculum at the Merage School offers FEMBA students the high-caliber, holistic preparation they need to become effective leaders in a digitally driven world. Core and elective courses now examine how technology is disrupting all aspects of business across a diverse range of industries, from manufacturing to finance to healthcare and retail. Our focus on innovation allows our students to prepare now for the careers of tomorrow. We offer between 50-60 electives annually across all disciplines (weeknight or hybrid format). Below the current elective list, you will find a few course descriptions for some new courses offered in the 2018-2019 academic year:

  • Driving Profitability Through Managerial Accounting
  • Financial Statement Analysis and Valuation I
  • Financial Statement Analysis and Valuation II
  • International Accounting
  • Bonds and Fixed Income
  • Derivatives
  • FinTech and The Digital Economy
  • Investments
  • Multinational Finance
  • Venture Capital and Private Equity
  • Analytics & Technology Consulting
  • Business Intelligence
  • Data & Program Analytics
  • Digital Strategies and Markets
  • Software Thinking
  • Analyzing Organizations from the Inside
  • Applied Game Theory
  • Business Law
  • EDGE
  • Intrapreneurship
  • Media & Entertainment
  • Merage Consulting Projects
  • Sustainability & Competitive Advantage
  • Consumer Behavior
  • Brand Management Simulation
  • Insight Marketing
  • Marketing on the Internet
  • Marketing Research
  • Micromarketing
  • Social Media Marketing
  • Sales Management
  • Business of Medicine
  • Macroeconomics
  • Understanding Risk in Health Care
  • Analytical Decisions Models
  • Predictive Analytics
  • Supply Chain Management
  • Global Negotiations
  • Managing Performance in 21st Century
  • Negotiations
  • Organizational Change
  • Strategic Communication
  • Applied Real Estate Security Analysis and Portfolio Management
  • Introduction to the Real Estate Process
  • International Real Estate
  • The Real Estate Development Process
  • Introduction to the Real Estate Process
  • Mixed-Use Community Land Development
  • Real Estate Capital Markets
  • Seminar in Management of the Real Estate Enterprise
  • Competitive Intelligence
  • Corporate Strategy
  • Entrepreneurship
  • Networks, Platforms, and Ecosystems in Business Strategy
  • Practice of General Management
  • Strategy in a Digital Age

Sample Course Descriptions for Several New 2018-2019 FEMBA Elective Courses:

Media & Entertainment Digital Disruption

  • Inter-disciplinary course provides a detailed understanding of the overall ecosystem, the path to monetization and the impact of digital disruption. 
  • Industries examined in the course include gaming, the music industry, publishing, and the film industry. The course will explore the impact of digital distribution, as well as trends in development, and marketing driven by digitization and big data.

Networks, Platforms, and Ecosystems in Business Strategy

  • This course provides a rigorous, economics-based and real-world-grounded development of the theory of networking effects and standards competition, platform economics, ecosystems management, and regulatory impacts.
  • Students will learn models, synthesize strategies, and apply the tools to contemporary and historical situations via class discussions, problems and assignments.

Strategy for a Digital Age

  • This course examines continuing digitization, including: Blockchain transaction control, digital manufacturing, cheap robotics and automation, and the application of artificial neural networks to large data sets.
  • Students will focus on applying the unchanging basic principles of strategy, economics, and organization to these new developments.

MBA Specializations

Digital Transformation: The specialization in Digital Transformation prepares students to lead their organizations to success in the digital economy. Digital technologies are appreciating in power at incredible rates and changing the business environment in profound ways. Digital Transformation is the reinvention of businesses to reflect the digital world. The economics of the digital world are fundamentally different from those of the physical world, and imply new rules of competition. They change business strategy, structure and practices in profound ways. Students will learn how to analyze technology-enabled change broadly and how to leverage digital technologies across businesses, from the perspective of both incumbents and startups. Completion of the MBA specialization requires 4+ academic courses and participating in the Center for Digital Transformation’s annual Road to Reinvention conference.

Health Care Management and Policy: The specialization in Health Care Management & Policy prepares students to excel in today’s complex health care business environment. Developed and administered with the Merage School’s Center for Health Care Management & Policy, this specialization builds on the Center’s mission to engage its partners in collaborative education, research and community service programs. Students will develop a deep understanding of not only the underlying economics of health care but also the policies, regulations, and institutions that impact health care markets. Students at the Merage School can earn the MBA specialization in Health Care Management & Policy by successfully completing a set of key electives and participating in the Center’s annual Health Care Forecast Conference.

Innovation and Entrepreneurship: The Beall Center for Innovation & Entrepreneurship provides students with academic and practical training so that they gain a solid understanding of launching and/or growing a business in today’s competitive environment. The specialization in Innovation and Entrepreneurship prepares students who are either planning to or have already embarked on a career as an entrepreneur (innovating to form new companies) or an intrapreneur (innovating within existing companies). Through participation in the Merage School New Venture Competition and completion of key electives focused on Entrepreneurship and Innovation, students earn the MBA specialization in Innovation and Entrepreneurship.

Real Estate and Urban Development: The Center for Real Estate provides world class resources and research to future leaders and entrepreneurs working in real estate. To that end, the Center focuses on the pursuit of emerging best practices in the real estate profession. The MBA specialization in Real Estate and Urban Development provides students the practical skills and theories needed to succeed in an ever-changing marketplace. It takes a holistic approach to real estate, drawing from the lessons of past cycles and current trends in order to best prepare students for their careers. Through successful completion of five academic courses focused on Real Estate, students earn the MBA specialization.


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