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Turnaround Director Jobs (NOW HIRING)

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Turnaround Director information

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$57K

$186.4K

$331K

How much do turnaround director jobs pay per year?

As of Sep 3, 2026, the average yearly pay for turnaround director in the United States is $186,382.00, according to ZipRecruiter salary data. Most workers in this role earn between $115,500.00 and $249,500.00 per year, depending on experience, location, and employer.

What is the difference between Turnaround Director vs Business Development Manager?

AspectTurnaround DirectorBusiness Development Manager
CredentialsExperience in finance, restructuring, or operations; often MBA or related certificationsSales, marketing, or industry-specific degrees; often with experience in client relations
Work EnvironmentCorporate restructuring, distressed companies, consulting firmsSales teams, client-facing roles, corporate offices
Industry UsageFinance, consulting, corporate restructuringSales, marketing, corporate growth

While both roles involve strategic planning, the Turnaround Director focuses on rescuing distressed companies through restructuring and operational improvements. In contrast, the Business Development Manager concentrates on expanding the company's client base and revenue through sales and partnerships. Understanding these differences helps clarify career paths and employer expectations in the corporate sector.

How to become a turnaround director?

To become a turnaround director, professionals typically need extensive experience in management, finance, or operations, often gained through senior roles in related fields. Relevant skills include strategic planning, financial analysis, and leadership, with certifications like an MBA or turnaround management credentials being advantageous. Building a strong track record in restructuring or crisis management is essential for this role.
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What cities are hiring for Turnaround Director jobs?

Cities with the most Turnaround Director job openings:

What are the most commonly searched types of Turnaround jobs?

The most popular types of Turnaround jobs are:

What states have the most Turnaround Director jobs?

States with the most job openings for Turnaround Director jobs include:

Infographic showing various Turnaround Director job openings in the United States as of August 2026, with employment types broken down into 2% As Needed, 83% Full Time, 12% Part Time, 1% Temporary, and 2% Contract. Highlights an 91% Physical, 3% Hybrid, and 6% Remote job distribution, with an average salary of $186,382 per year, or $89.6 per hour.

Managing Director, Turnaround & Restructuring

Ankura

New York, NY • Hybrid

Full-time

Re-posted 28 days ago


Key responsibilities

  • Leads and manages client engagement teams through challenging turnaround and restructuring situations.

  • Oversees the development, analysis, and presentation of final client deliverables related to restructuring projects.

  • Guides negotiations on waivers, forbearances, amendments, and terms to credit agreements.


Ankura rating

6.4

Company rating: 6.4 out of 10

Based on 5 frontline employees who took The Breakroom Quiz

66th of 72 rated business consultants


Job description

Ankura is a team of excellence founded on innovation and growth.

Practice Overview:

Ankura's professionals have diverse backgrounds and varied experience including banking, consulting, restructuring, accounting firms and public/private industries. Our professionals are trusted advisors who work collaboratively and in a very measured and expedient way to maximize value for our clients. We are experts known for leading challenging processes and bringing together disparate stakeholder groups.

Role Overview:

The Turnaround & Restructuring (T&R) Managing Director role is an experienced senior level position that leads and manages client engagement team(s) through challenging in-and-out of court turnaround and restructuring situations.

Responsibilities:

  • Leads the final delivery of analyses developed on engagement(s)

  • Leads and provides guidance on complex analyses and restructuring alternatives pertinent to the situation at hand

  • Has a view on various restructuring concepts informed by prior experience and expertise

  • Understands complex issues with credit agreements and can structure provision and terms to best protect the client

  • Negotiate waivers, forbearances, amendments and terms to credit agreements

  • Effectively manages entire project work plan for engagement(s)

  • Manages the development and presentation of final client deliverables

  • Determines effective approach / content level based on previous experiences in similar situations

  • Leads presentations and large meetings with senior clients, other professionals and parties in interest

  • Maintains day to day relationships between Ankura team and senior client executives

  • Oversees the quality of engagement(s) and the development of staff

Requirements:

  • Minimum 10 years of relevant restructuring / distressed experience in a professional service or consulting firm environment

  • Prior hands-on experience building / developing / overseeing integrated 3-statement financial and 13-week cash flow models

  • An undergraduate degree from a top academic institution

  • Advanced degree(s) and applicable professional certification(s) are preferred (CFA, CIRA, CPA)

  • High energy style, flexible and adaptive, with the ability to work well in a very fast paced environment

  • Ability to adapt to complex client environments and situations

  • Proven track record of effectively planning for and proactively mitigates risks on projects and work streams

  • Expertise defining, influencing and driving change at executive levels and across the broader community of stakeholders

  • Exceptional negotiation skills withcomplex/sophisticatedsituations involving senior level stakeholders

  • Able to develop credible recommendations under shortened time constraints and imperfect information

  • Quickly recognizes critical areas requiring analysis and review while understanding the big picture

  • Experience synthesizing complex unstructured information rapidly and applies good business judgment driving quickly to deep insights into possible impacts and solutions

  • Expert written communication skills, self-directed with preparation of client ready document and presentation development

  • Articulate, persuasive, communicator who is adept at handling executive and difficult audiences well including ability to adapt style to audience

  • Ability and willingness to undertake extensive travel is required

  • Willingness to work at times, long hours during the week and on weekends due to client demands may be necessary

#LI-MJ1

#LI-Hybrid

*

Ankura is an Affirmative Action and Equal Opportunity Employer. All qualified applicants will receive consideration for employment without regard to race, color, religion, sex, sexual orientation, gender identity, national origin, or protected veteran status and will not be discriminated against based on disability. Equal Employment Opportunity Posters, if you have a disability and believe you need a reasonable accommodation to search for a job opening, submit an online application, or participate in an interview/assessment, please email accommodations@ankura.com or call toll-free +1.312-583-2122. This email and phone number are created exclusively to assist disabled job seekers whose disability prevents them from being able to apply online. Only messages left for this purpose will be returned. Messages left for other purposes, such as following up on an application or technical issues unrelated to a disability, will not receive a response.


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