TMA · Requirements

TMA membership requirements

Every criterion TMA publishes, with its source, the date it was verified and how confident we are in it — plus superseded figures, so you can see how the tests have moved.

Read a requirement as the organization's published floor, not as a promise. A revenue test may have alternative versions for different business types, chapters can set stricter local tests, and invitation-only bodies publish criteria that describe members rather than admit them.

Current published criteria

4 rows

Criterion	Published requirement	Note	Provenance
Industry restriction	Work in or around corporate restructuring, turnaround and distressed business — practitioners, attorneys, accountants, investors, lenders, venture capitalists, appraisers, liquidators, executive recruiters and consultants	TMA does not publish a formal eligibility test for professional membership	Verified September 2026High confidenceSource ↗
Other criterion	Membership is on an individual basis only — firms cannot hold a membership		Verified September 2026High confidenceSource ↗
Maximum age at joining	NextGen membership is limited to new members aged 40 and under at the time of application	Available for two years or until age 41, whichever comes first	Verified September 2026High confidenceSource ↗
Other criterion	Academic and government membership requires that the primary employer be a government, judicial or academic institution; student membership requires proof of full-time enrolment	TMA states that discounted categories are subject to verification and approval	Verified September 2026High confidenceSource ↗

How admission works

Application process

An individual joins through my.turnaround.org, choosing a membership category and a local chapter. Discounted categories — NextGen, government or academic, and student — require verification and are subject to approval. Membership runs for twelve months from enrolment on an individual anniversary cycle.

Invitation required

Sponsor required

Selectivity

Not publicly disclosed — membership is open to professionals in the field; only the discounted categories are described as subject to approval

Membership term

12 months from enrolment, on an individual anniversary cycle

Primary audience

Professionals working in corporate restructuring, turnaround and distressed business — turnaround practitioners, restructuring lawyers, lenders, investors, accountants, appraisers and advisers

Typical member

TMA reports its membership as roughly 43% turnaround practitioners and advisers, 20% attorneys, 14% lenders and bankers, 3% investors and 20% other related professionals including receivers, appraisers, academics, government officials, judges and recruiters. Membership is individual only, not by firm.

Do you appear to meet them?

The qualification tool reads these rows against a profile you give in ranges and explains which criteria appear met, unclear or unmet. Check your profile

If not: alternatives to TMA — ACG, AM&AA, ILPA, UK Private Capital (formerly BVCA).

Last verified: 6 September 2026 Report an error on this page

Sources

Turnaround Management Association, TMA. Accessed 6 September 2026.tier 1
About TMA, TMA. Accessed 6 September 2026.tier 1
TMA Chapters, TMA. Accessed 6 September 2026.tier 1
Join & Benefits — TMA, TMA. Accessed 6 September 2026.tier 2
Frequently Asked Questions — TMA, TMA. Accessed 6 September 2026.tier 2
Membership — TMA, TMA. Accessed 6 September 2026.tier 2
International Membership — TMA, TMA. Accessed 6 September 2026.tier 2

Source tiers follow the published hierarchy: 1 official site · 2 official membership materials · 3 application documents · 4 annual reports · 5 government filings · 6 reliable business publications · 7 credible interviews · 8 other reputable secondary sources. Sources and data policy.