Life coaches may help people gain confidence in their professional lives, motivate them on a job search or provide guidance in personal relationships. Life coaches should be patient, bold and have a strong drive to help people. Salaries for life coaches are determined by variables such as experience, employer and geographical location.Average Salary
- According to the Life Coach Certification website, the typical annual salary range for life coaches is between $35,000 and $60,000. However, salaries vary widely, as the amount you make really depends on the number of clients you have and the rate you charge. The Life and Business Coaching website reports that full time life coaches earn about $82,000 a year, while part time life coaches earn about $26,000 per year. The highest paid life coaches earn well over $100,000 a year, according to a 2006 "Forbes.com" article, however, only about 20 percent of life coaches earned this salary.
Hourly Rate
- Many life coaches generally work on an hourly rate or charge per session. According to the Life Coach Certification website, the average rate a life coach charges for a 45 minute session is $165, or about $220 an hour. The rate may be higher or lower, depending on the client, the life coach's experience and competition with other life coaches in a given area.
Experience and Certification
- Life coach salaries vary widely by experience and other factors like certification. According to the Life Coach Certification website, a life coach with over 10 years of experience typically earns between $75,000 and $95,000 a year. Clients will recommend a good life to coach to their friends, which in turn brings in more business. Obtaining life coach certification may also help increase income prospects. Certification gives a life coach more credibility and the ability to garner more clients.
Benefits
- Life coaches have the benefit of working for themselves and setting their own hours. They can also work from anywhere, and can have their own home offices. Life coaches generally meet their clients in person.
Read more: Life Coach Salaries | eHow.com http://www.ehow.com/info_8094764_life-coach-salaries.html#ixzz1gjlbnyvo
