All you ever wanted to know about coaching

It is international coaching week this week, and to celebrate the pursuit of self-improvement, the International Coach Federation (IFC) revealed that the coaching industry is now worth $1.5 billion globally.

by The International Coach Federation
Last Updated: 23 Jul 2013

The IFC commissioned PricewaterhouseCoopers (PWC) to conduct a global study of the coaching business to evaluate its prevalence. The IFC itself now boasts more than 11,000 members (up from just 2,000 in 1999), and 6,000 of them were surveyed in the PWC study.

Most surprising perhaps is the fact that coaches earn relatively modest earnings compared to the clients they advise - $50,000 (£25,000) a year is the average - particularly considering their level of education: over half of all professionals surveyed had advanced education such as a Masters' degree or a PhD.

The majority of coaches will have 11 active clients at any one time; 54% are female, and most clients tend to be between the ages of 38 and 45. Coaches for their part average 5-10 years' coaching experience and are aged 46-55 years' old. Nearly 70% of coaches are female.

Coaching has been popular for the last decade, with individuals seeking professional and independent advice on their career, a process the IFC defines as "partnering with clients in a thought-provoking and creative process that inspires them to maximise their personal and professional potential."

Source: The International Coach Federation

Review by Emilie Filou

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