Business Turnaround Management
Post-Master Certificate
Detroit Mercy online general management programs ranked among the nation’s best in U.S. News & World Report’s Best Online Programs for 2024. Our online General Management (MBA) Program was ranked No. 13 nationally, and Best in Michigan.
The Certificate in Business Turnaround Management is designed to give students a comprehensive grounding in the current body of knowledge and skills in business turnaround management. The certificate was developed with the ongoing collaboration of business turnaround professionals and executives from Michigan. This professional certificate is based on the concept that saving a struggling firm requires specialized management techniques that differ somewhat from the traditional tools developed in MBA programs that focus on growing healthy organizations. This specialized program trains business leaders in the techniques used to turn failing businesses into successful, thriving enterprises. 
Dr. Omid Sabbaghi is an Associate Professor of Finance in the College of Business Administration at the University of Detroit Mercy. He received both his M.B.A. and Ph.D. from the University of Chicago's Booth School of Business, where he studied finance and econometrics. During his graduate studies, he was the recipient of an Oscar Mayer Doctoral Dissertation Fellowship. He earned his Bachelor of Arts degrees from the University of California-Berkeley, triple-majoring in Economics, Statistics, and Applied Mathematics.
Dr. Sabbaghi's areas of research include portfolio management, volatility in financial markets, corporate finance, high-frequency financial transactions data, financial econometrics, and risk management. He received the Standard & Poor's Best Paper Award in Investments for his work on asset pricing. Dr. Sabbaghi has also served as a consultant to financial firms.
Outside of his research and teaching, he likes to spend time with family and friends, read, listen to music, and discover new people, ideas, places, and restaurants. In additions, Omid enjoys hiking and backpacking in the National Parks.
The Business Turnaround Management Certificate is a 15 credit hour program.
Required Courses
| BTM 5000 | Business Turnaround Management | 3 cr. |
| BTM 5500 | Ethical and Critical Thinking | 3 cr. |
| or | ||
| MBA 5210 | Personal Development, Ethics, and Social Responsibility in Organizations | 3 cr. |
Elective Courses (3 courses required)
| BTM 5150 | Strategic and Legal Bankruptcy | 3 cr. |
| BTM 5200 | Motivation and Negotiations Management | 3 cr. |
| BTM 5350 | Organizational Change Management | 3 cr. |
| BTM 5400 | Crisis Cash and Accounting Management | 3 cr. |
| BTM 5420 | Corporate Fraud Detection and Prevention Management | 3 cr. |
| BTM 5450 | Corporate Restructuring for Business Turnaround | 3 cr. |
| BTM 5550 | Lean Management | 3 cr. |
| BTM 5650 | Supply Chain Management for Turnarounds | |
| BTM 5850 | Debt/Equity and Financing Structuring | 3 cr. |
Foundation Courses
Students are expected to demonstrate a minimum competence in Accounting and Financial Management. This is possible by evidence in their transcript or by successfully completing ACC 5100 and/or MBA 5180.
| ACC 5100 | Corporate Financial Accounting | 3 cr. |
| MBA 5180 | Fundamentals of Financial Management | 3 cr. |
Cumulative Grade Point Average
Students in the Certificate Program are required to achieve and maintain a cumulative grade point average (GPA) of 3.0 or better (on a 4.0 scale). A 3.0 cumulative GPA is required for final completion of the program requirements.
Admissions Criteria
Admission decisions are based on an undergraduate GPA, GMAT score (if needed), work experience, and other degrees.
- A University of Detroit Mercy Graduate Application Form, with the application fee (waived for online applications);
- Official transcripts for all previous academic work;
- A resume;
- Letter of recommendation; and
- Any other information which the applicant feels is important to the admission decision.
Guest Student Status
Individuals currently enrolled in another AACSB accredited MBA program may obtain Guest Student Status at the University of Detroit Mercy for a limited number of courses by providing a statement of good standing from their school's Dean or program director, or by applying for guest student status using a Michigan Intercollegiate Graduate School form (MIGS). The MIGS application can be obtained in the Graduate Business Programs Office.
International Students
International students should consult with the International Services Office.