MEMBA is short for the Mokra Gora Executive Master of Business Administration, classified in the education system of the Republic of Serbia as a Master of Business Management, within the class of academic programs. This program belongs to the international classification of EMBA programs for more experienced managers. The main difference between the MEMBA program and other similar ones is the fact that it is accredited in the educational system of the Republic of Serbia. In addition, the program is more rigorous in its selection of candidates who have had significant business experience and it also focused on the regional economy. Based on its structure, the MEMBA program is not classified as a weekend program, but rather it holds classes in blocks of nine days, of which five are during the week and two weekends.