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CTP Industry Veteran program

TMA opened an Industry Veteran program window during the second half of 2020. More information about the Industry Veteran program is forthcoming. Currently, all CTP candidates must submit an application and qualifications statement to be review by the Standards Subcommittee before beginning the exam process.

Given the unprecedented economic disruption caused by COVID-19, there has never been a better time to earn the Certified Turnaround Professional designation and demonstrate your industry expertise. Individuals may be nominated by another or apply directly as an Industry Veteran candidate.

Certified Turnaround Professional (CTP) candidates who qualify as Industry Veterans are exempted from the three Certification Exams on the basis of experience. Industry Veteran candidates must demonstrate at least 12 years of turnaround experience, including five or more years in senior leadership positions leading restructuring engagements. An individual may be nominated for consideration or apply directly in accordance with the guidelines below.


You may nominate a colleague for consideration as an Industry Veteran. Complete the CTP Industry Veteran Nomination Form and provide the following information:

  • Nominee Contact Information
  • Nominator Contact Information
  • Description of the Nominee’s Turnaround Experience
  • Two Additional Professional References

Nominations must be received by December 31, 2020. TMA Staff will solicit professional references directly from the two individuals listed. Once received, the complete nomination portfolio will be presented to the Standards Subcommittee for review. Pending review, the nominee will earn the CTP designation and become subject to the certification maintenance and continuing education policies referenced below.


A CTP candidate may request consideration as an Industry Veteran directly. To do so, complete the following:

  1. Submit a Qualifications Statement

    A statement outlining the candidate’s turnaround experience, which will be used by the Standards Subcommittee to determine Industry Veteran qualification.

  2. Submit the CTP Application and Application Fee (deadline for submission is December 31, 2020)

    Application Fee in the amount of $295 USD may be submitted via check made payable to Turnaround Management Association or credit card.

  3. Submit a University Transcript or Diploma

    Official transcript or diploma from college/university not required; a copy or photo may be provided instead.

  4. Request three (3) Confidential Professional References

    To be completed by representatives of distinct firms and not authored by those who provided your Position and Experience Confirmations.

  5. Request three (3) or more Position and Experience Confirmation Forms

    To be completed by representatives of the client from distinct engagements and not authored by those who provided your Confidential Professional References.

  6. Standards Subcommittee Review

    The Certification Oversight Committee's Standards Subcommittee reviews all CTP applicant portfolios and determines whether the applicant has demonstrated the requisite experience. The Subcommittee may request additional information from a candidate before issuing a decision. Unsuccessful Industry Veteran candidates may earn the CTP designation by passing the three Certification Exams.

    The Standards Subcommittee will review Industry Veteran applications on a rolling basis throughout 2020 and into early 2021.


Individuals who earn the CTP credential during this Industry Veteran program window will be invoiced for certification maintenance fees in the fall of 2021. Once confirmed as Certified Turnaround Professionals, Industry Veterans are subject to the same certification maintenance and continuing education requirements as all CTPs. Read more on certification maintenance and continuing education requirements.


If you have any questions regarding the CTP Industry Veteran application or nomination process, please contact TMA Global at certification@turnaround.org or 312-578-6900, ext. 3.


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