There are many reasons why people hire executive coaches such as career transitions, improving on leadership skills and increasing wealth. If you’ve ever wondered how much executive coaching costs, how it works and how it can benefit you, then this article is for you.
How Much Does Executive Coaching Cost
Qualified Executive Coaches with specific experience and great client success charge around $2,500 to $3,000 a month. While it might sound high-priced, the truth is that you get what you pay for.
How Does Executive Coaching Work?
While no Executive Coach has the same approach, there are some similarities in their way forward. This is what you can expect from your coaching sessions:
Your Executive Coach will take you through a process of discovery that may include a series of interviews and assessments. This will help both of you get a clear view of your goals and how you want to go about reaching them.
Your coach will work with you to devise a strategic plan with key milestones to reach on your journey based on the discovery process.
Professionals are easily distracted by new ideas and one of the most vital roles of an Executive Coach is to keep the client focused on taking action on a daily basis to reach their goals as fast as possible. The coach will record actions taken by the client as well as strategic plans and new ideas presented in the sessions to ensure laser-sharp focus at all times.
One of the most valuable benefits of working with an executive coach is receiving honest feedback and accountability. Accountability, and the clients’ willingness to accept it, is the single most effective aspect of working with an Executive Coach. It ensures that clients achieve goals easier and faster than they would on their own.
How Often Should You Work with a Coach?
The duration of coaching cycles can differ for each client. Sometimes 6 months is all that’s needed while other times we can work with clients over several years. At Integrative Coaching, we meet with clients at least once a week, virtually or in person, to assign action steps and resolve outstanding issues. Over time, the frequency of coaching sessions may decrease or increase depending on each client’s specific needs.
Is Executive Coaching Worth It?
Executive coaching is a 20 billion dollar industry because people are seeing the results they want. Clients should expect to multiply their investment in measurable results. The right Executive Coach can often produce results like this in the first session if the client will commit to taking action.
Executive Coaching is well worth the investment and thousands of professionals will attest to it! For more information about Executive Coaching, or to schedule a complimentary discovery session with Integrative Coaching, get in touch today!