When it comes to hiring a leadership coach, organizations can expect to pay at least a couple hundred dollars per hour for several sessions over a one-year commitment. This is especially true in megacities, which are located in states that can be beneficial to those looking to start a coaching business. People now understand that executive coaching is an opportunity to bring about positive change, even when there is no problem present. That said, hiring a coach can be either a punishment or a privilege granted to the organization's highest-ranking leaders.
The International Coach Federation (ICF) requires master coaches to pay up to three times more in membership fees than associate coaches. Your salary as a leadership coach will depend on your experience, the size of your company, your location, and the industry you work in. Executive coaching helps you develop your interpersonal and leadership skills, increases motivation levels, and often provides a path of succession for your progress in the organization. This is similar to the average salary of a life coach (or business or executive coach) according to the ICF survey.
Salary estimates are based on 12 salaries sent anonymously to Glassdoor by Leadership Coach employees. Coaching can also refer to an informal relationship between two people, one of whom has more experience and knowledge than the other and offers advice and guidance as the latter learns; however, coaching differs from mentoring in that it focuses on specific tasks or objectives rather than more general goals or development. The ICF, based in Kentucky, is the largest networking organization and executive coaching certification body for more than 20,000 professionals who call themselves executive coaches. Now that you have an idea of what you could gain as a leadership coach, let's look at ways to increase your salary.
In addition to your background and work experience, you'll likely get better recognition if you're certified as an executive coach. Remember that, ultimately, you become a responsible partner as an executive coach and your job is to prepare your clients for success while providing an unbiased vision. The fact that you are looking for a solid training program shows that you are not looking to be average.