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CITM Logo longBecome a Certified International Turnaround Manager in TMS’s online certification program. Our experienced trainers guide you through the online lectures. Together with access to our online certification program you will receive the most relevant books about corporate restructuring and turnaround management.

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 levels, A to D, depending on the theoretical knowledge demonstrated as well as practical experience gained.


Qualification Levels:

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 Level A and must also demonstrate that they have studied and solved different case scenarios in which the ITMS™ can be applied.

CITM – Level C

To acquire Level C certification the candidate must have passed all tests required for Levels A and B, and in addition have at least 10 years’ direct work experience in the crisis management or 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 who already has ten 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 substantial knowledge of the industry and have 15 years work experience in crisis management or turnaround management. Only a Level D CITM can serve as a mentor to a Level C candidate.

To get more information about our online certification courses and levels please visit our online training website.

The main objective of the Turnaround Management Society (TMS) is to promote best practice in turnaround processes. Only turnaround professionals are members of the TMS and these include: Distressed debt investors, and academics.

Mar. 6, 2014 – HAMBURG, Germany — The TMS aims to combine all of the research that turnaround academics have, with the experience of turnaround professionals. The Turnaround Management Society provides support to academics and professionals from all over the world and gives them access to a forum where they can exchange research information, knowledge, skills and ideas with each other. TMS also carries out research of its own and has two current projects, one involves setting standards for turnaround processes, and the other is a database containing turnaround cases and strategies.

Services from the Turnaround Management Society

The International Turnaround Management Standard (ITMS) provides industry standards for those involved in the turnaround process. These standards enable professionals to achieve sustainable turnarounds through aturnaround framework. This also contains a restructuring framework in order that any restructuring processis effective and fairly implemented. The specific turnaround and restructuring standard will include proven techniques and strategies that can be implemented during a corporate turnaround process or corporate restructuring. This includes, project management, financial engineering, change management, quality management and risk management especially when dealing with corporate failure / failing companies, etc.
The Turnaround Management Strategies Database is extremely useful as it contains data regarding previously successful turnaround strategies that can be applied to a specific type of corporate crisis situation. TMS members are able to have access to the database and receive all the information contained within it at any time.

The TMS also publishes a journal twice a year. The journal contains up-to-date information and articles regarding turnaround standards and management, and is available to all TMS members. It is also distributed to universities, private equity firms and financial institutions. The journal is also available at the TMS website.

The Turnaround Management Society runs a certification process too, which involves independently assessing the knowledge and skills of turnaround professionals. This provides professionals with accreditation over less qualified professionals, as well as assurance from their customers that they work to set standards and processes and employ best practice.

For more information on the Certified International Turnaround Manager program or the Turnaround Management Society please visit:

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Turnaround Management Society