Job Outlook
Employment of coaches and scouts is projected to grow 9 percent from 2023 to 2033, much faster than the average for all occupations.
The Booming Coaching Industry: A Snapshot
As people increasingly seek personal and professional development, the demand for coaches has surged. According to a recent report, the global coaching industry is now valued at over $2.8 billion and continues to grow at an annual rate of 6.7%.
2024 Career Coaching Industry Landscape
As the job market changes, more people seek better career opportunities, driving up demand for coaching.
Career coaching hourly rates vary
Most coaches typically charge in the range of $75 to $250 per hour, however you can find coaches that fall outside of that range.
In fact, it's really hard! It requires years of discipline and dedication. Not just dedication to the craft, but dedication to your own development. This is what makes it so difficult for people to become a great coach and why so many frontline leaders and managers in the workplace struggle with coaching.
The coaching niche that typically makes the most money is executive coaching. This niche focuses on working with senior leaders, executives, and high-potential employees within organizations. Executive coaches help leaders develop new skills, strategic vision, and overall performance.
The life coaching field may appear competitive, but it is far from saturated. With the right training, a clear niche, and a strong commitment to your clients' success, you can carve out your space and thrive.
Coaches maintain an average of 12.2 clients per week. They work an average of 11.9 hours per week.
At the college level, most coaches are expected to have at least a bachelor's degree. Sports management and athletic training are among the top degrees coaches acquire before beginning their careers.
1. Saurabh Kaushik: Renowned as India's Premier Business Coach, Saurabh has propelled industry leaders, celebrity entrepreneurs, and legacy business owners to unprecedented growth through his private one-to-one coaching.
That statistic is that 82% of coaching businesses fail within the first 2 years. WTF! Despite being a coach who's been building coaching businesses for nearly two decades, I couldn't believe how high this number was. I know it's hard, but wow!
Many people are now making over 6 figures in coaching. Coaching is now a multi-billion dollar industry. Even during a pandemic, coaching businesses thrived and generated more income than previous years. If you set your mind to it and learn some marketing skills, you too can thrive as a coach.
In 2022, the average active coach practitioner had 12.2 clients. * (Some coaches have many more, while others have less.) If we pull the lens back even further, here's what you'll see.
Life Coaching then is good career choice as it will be an opportunity to follow your calling, see positive results in other people's lives, have high hourly earnings, and will give you flexibility and autonomy. You'll also earn a high hourly wage and have more time to enjoy your life.
A successful coach has a deeply engrained coaching philosophy and a sound training methodology. The simpler and more basic these two concepts are the better. Both must also be flexible and tempered by an awareness of the athlete's unique attributes.
Sports Coaches earned an average salary of $57,450 in 2022.
What coaches hate most is having to wear so many hats while running their business. Other cons include mindset struggles, bad clients, and other toxic aspects of the industry. (See More) These trends didn't change significantly based on years of experience.
There are a few exceptions in the health and mental health niches, but as a general rule, you don't need certifications or degrees. Coaching is an unregulated industry in the US.
There are over 110,451 coaches currently employed in the United States. 51.7% of all coaches are women, while 48.3% are men. The average coach age is 35 years old.