How Much do Career Coaches Make?
Career coaches can provide invaluable help to those looking to make a career change, transition into a new job, or develop their skillsets in order to take on more responsibilities. The services they provide can range from giving advice on job interviews to helping clients arrange their resumes and portfolios. In return for the valuable services they provide, career coaches make a substantial income.
Average Salaries for Career Coaches
The median annual wage for career coaches according to the Bureau of Labor Statistics is $52,190 per year, but this figure can vary widely depending on a number of factors, such as experience, qualifications, and location. Most career coaches work as independent contractors and often set their own rates. On average, a career coach can charge anywhere from $35 to $150 per hour, or even more for extra services.
Benefits of Working as a Career Coach
Besides making a comfortable living, career coaches can also reap additional benefits like:
- Flexibility: Career coaches can choose their own hours and be their own boss.
- Impact: Career coaches have the opportunity to make a big impact in their clients’ lives.
- Satisfying Work: Working as a career coach is mentally and emotionally satisfying.
Requirements to Become a Career Coach
Being a successful career coach requires more than just giving employment advice and helping clients hone their resumes. It requires knowledge of the labor market, training in human resources, and communication skills. In addition to having the right qualifications, prospective career coaches must develop a network of individuals and organizations who can serve as potential clients.
Bottom Line
Career coaches provide an invaluable service to those looking to make a career change, transition into a new job, or develop their skillsets. Demand is growing for their services, meaning they can make a substantial income. Becoming a successful career coach requires the right qualifications, training, and a solid network of potential clients, but the benefits can be immense.
