One challenge potential coaches have shared with me is how to find affordable coach training. In December I wrote an article with six suggestions on how to start coach training without going into debt. (Link with title of article)
In response to that article I received an email from a coach in which she shared that “while some coach training programs are over priced… I don’t think $6K is too much. Coaching is a profession that requires commitment, time and investment, just like other professions.”
All of this lead me to these two questions:
- How does the cost of coach training compare to the cost of training for other professions?
- How many hours of training are needed for certification?
Have you decided to become a life coach but have found the cost of coaching training prohibitive?
If so, you’re not alone. The tuition for an ICF accredited coach training program (ACTP), which are at least 125 hours in length, averages approx. $6355 US.1
Many prospective coaches don’t have access to that much money all at once.
How does one find funding for life coach training? This is a question a subscriber recently sent me. My answer is below:
Thanks for sending in your question. As you have probably discovered in your research – life coach training is an investment! In a previous article on life coach training I shared that tuition fees for accredited coach training programs range from range from $3,900 to $10,000+ US.
I came up with nine ways you could find funding or ways to pay for coach training.
The April edition of “Coaching World” is available to read on the International Coach Federation site. There doesn’t appear to be a link to archived editions, so if you want to read it I suggest you visit sooner than later!
I found the article on page 11 of the this edition interesting. In “The Value of Coaching in Career Development Made Clear to UK Government” they shared how more callers to the government’s Career Advice service are asking to speak to career coaches vs information advisors. A huge shift in percentages from 2000 when the numbers were reversed.
I would think this is due to the rise in the awareness by the public that non-sport coaching exists. If you mentioned coaching in 2000, most people thought you meant sport coaching. Many had never heard of life or career coaching. Obviously the media and the growth of the internet helped in spreading the word as well.
Dave Buck of CoachVille will be doing a 70 city tour of the USA from March 7 to June 16, 2008. The reason stated on their website is:
“The big idea is to create DEEPER public awareness of the power of personal coaching.”
If you want to know more about this 2 hour public presentation about the power of personal coaching visit their site. Dave will also share a new business model that will help coaches build a thriving practice.
Read more at: CoachVille Tour
P.S. If you’re thinking about taking coach training with CoachVille but you haven’t decided, this is an opportunity to get a feel for the company.