Ok I'm already hella uncomfortable asking this question, but in the spirit of what we're doing here and breaking the stigma around women talking about pay, here goes:
I am curious how much companies are paying for executive coaching and looking for your experience.
So if you are
someone who is getting an executive coach paid for by your company
a coach who is doing company paid executive coaching
knows someone who has had coaching paid for by their company
Can you let a sister know how much its going for these days? I have a feeling I'd low ball myself if I didn't ask and *the more you know*🌈✨
Thank you for your help on this. Grateful to have these convos on OUR fairway 🤍
I have been looking at a couple of coaches in the range of $10k for a 3-4 month program. Have also talked to one who is $20k for the year. $2-3k/mo seems to be the minimum… and looks like it goes up from there for exec coaching in the corporate space.
For reference, these are Founder-to-Founder types of coaches. A little off Neha’s original ask - but thought I’d add if anyone is looking for this type of coach. One focuses on sales coaching, and the other on cashflow. Both are Black women coaches. I plan to hire both ($10k/ea) as soon as I have… better cashflow 🤣 very much a frustrating chicken-egg moment!
Hi Neha,
You have a lot of responses already but here is one more data point. I am a member of Chief and they offer “discounted” 1:1 hour session coaching to members. Here are the rates:
3 sessions $2,900
6 sessions $5,400
12 sessions $9,900
Most of the coaches are ICF certified or similar.
Hi Neha,
I charge $12,500 for 3-month engagements and renewals at $7,000 for 3-month increments. And this is NOT C-suite.
For C-suite there is room to more than double this amount (at least!) if a company is paying and still be in an appropriate ballpark.
At $12,500 for private there is still plenty of room to increase. Pricing is based on value we provide, not our time. $30k for three months is not unattainable at all.
Cases in point:
A client, after an intensive interview package, received an increased title than originally offered and double the salary.
A client who is 50 and recruiter told her that no one was hiring after age 40 in Asia, where she wanted to go, just landed a global role in Asia that will pay her $65k more annually than she’s been making after 25 years of similar work.
In 3 months a client went from not having any idea how to re-enter the workforce after 10-years out raising 4 kids and extricating herself from a narcissistic marriage, to launching a company, writing a book and launching a speaking career.
THIS is what we as Coaches help people do. And there is no price tag too high for the people willing to do the work and change.
One rule is double your pricing, if you get three clients that will pay, double again. I say that but was shit scared to DO it, so at first I cut my time in half. Kept my six month rates and went down to three months. Then got comfortable with that and raised incrementally from there.
I am happy to talk about this stuff with people. No company should expect 6 months of coaching from a professional for $3k. That’s robbery and devalues the fabulous opportunity you are providing someone.
Hi! Thank you for asking this. Pay/salary transparency is crucial! I’ve heard anecdotally ranges from $5-10K for executive coaching for 6months as well.
Hi Neha - this is a vulnerable question to ask and I appreciate you raising it. It is so hard!!
I will share the anecdotal but personal - with C-Suite executives, companies that value development don't seem to balk at $10-15k/6 months. (I have one CEO friend who pays a coach $7k per month to coach her and another executive!)
I just charged $10k for 6 months (that includes a 360 review) for a CMO engagement. (I have a MCC coach friend who would have charged double for that but she's been doing this ten years longer.)
BUT, I also have Exec Directors at non-profits and directors/VPs who are using PD funds and are budget restricted to a few thousand dollars. And I have served those clients too and learned immensely from those engagements.
It's all over the map.
This is a good start. Aloha, Dana
https://hbr.org/2019/08/a-short-guide-to-pricing-your-services-as-a-consultant-or-coach
Great question! I know there are reports out there but I also know the ranges are huge. Thanks for asking it!