To set a high standard for turnaround management professionals, the Turnaround Management Society has developed an education program for practitioners, academics and others interested in turnaround management. We currently offer one certification, the Certified International Turnaround Manager (CITM), with four different levels, A-D, depending on the theoretical knowledge demonstrated as well as practical experience.
CITM – Level A
To acquire Level A the candidate must demonstrate mastery of the International Turnaround Management Standard™ (ITMS) as well as general knowledge about crisis situations and classifications, early warning signs, and crisis prevention.
CITM – Level B
To acquire Level B of the CITM program, the candidate must have successfully achieved the Level A and also demonstrate that he or she has studied and solved different case scenarios in which the International Turnaround Management Standard™ can be applied.
CITM – Level C
To acquire Level C certification, the candidate must have passed all tests required for Levels A and B, plus have direct work experience of at least 3 years in the crisis management / turnaround management industry. During this time a mentor must provide expertise and advice to the candidate and observe whether the candidate follows and upholds the ethical guidelines. A candidate that has already 10 or more years work experience can apply for Level D.
CITM – Level D
A Level D Certified International Turnaround Manager, after meeting the requirements for levels A, B, and C, must demonstrate intense and expansive knowledge of the industry and have extensive recent work experience in the area of crisis management / turnaround management. Only a Level D CITM can serve as a mentor to Level C candidates.
Maintaining the Qualification
A qualification expires after 4 years if the qualified person does not work in the industry, does not keep up to date with industry developments, and does not participate in any qualification or training within the industry. This expiration provides customers with the assurance that the turnaround professional they are working with has maintained ties to the industry and has been involved in continuing education to keep a competitive edge and to stay up to date with the latest developments, cases and success strategies.
The Turnaround Management Society provides continuous training and education material for its members so their qualifications can stay valid: :
- online training
- the Turnaround Management Journal
- Updates to the International Turnaround Management Standard™ (ITMS)
- Focus groups
- Case studies
- Assessment centers