Expand mobile version menu
  Skip to main content

Self-Improvement Coach

Money & Outlook

Insider Info

The International Coach Federation (ICF) did a survey of coaches around the world in 2006. The survey was completed by 5,415 coaches from 73 countries. It found that the average salary was $50,510. Full-time coaches averaged $82,671. Part-time coaches averaged $26,150.

"My understanding of the industry is that it takes a couple years for new coaches to create full-time work for themselves, so the average income for someone new to the industry would very likely be in the $30,000 range for the first few years," says Jeannette Maw. She runs her own coaching business called Good Vibe Coaching.

According to the ICF, there are 30,000 coaches worldwide. Of those, about 15,000 work in the United States.

"I think the trend to greater awareness in the corporate world, to viewing their human resources as assets, is one trend that positively affects the future of coaching. There has been a trend for the corporate world to put more emphasis on 'soft' skills," says life coach Beth Garrish. She adds that the trend of aging baby boomers looking for more meaning and purpose in their lives will positively affect coaches.

Coaching is a new career. Awareness of coaching is rising along with demand. Coaches working with corporate clients make more money than those working with individuals.

Corporate coaching is usually face-to-face. Coaching individuals is usually done by phone.

"As more people learn the benefits of hiring a coach, and recognize that it isn't just high-paid CEOs who work with coaches, the demand for coaching services will only increase," says Maw.

Life coach Ally Wieser predicts a slow and steady outlook for coaches. "In the near-term, I feel we have a ways to go before we see mass adoption of coaching. Longer term, I feel there is real opportunity for this field to take off," she says.

Earnings and employment information from the U.S. Department of Labor is not available for this field at this time.

Contact

  • Email Support

  • 1-800-GO-TO-XAP (1-800-468-6927)
    From outside the U.S., please call +1 (424) 750-3900

Support


Powered by XAP

OCAP believes that financial literacy and understanding the financial aid process are critical aspects of college planning and student success. OCAP staff who work with students, parents, educators and community partners in the areas of personal finance education, state and federal financial aid, and student loan management do not provide financial, investment, legal, and/or tax advice. This website and all information provided is for general educational purposes only, and is not intended to be construed as financial, investment, legal, and/or tax advice.