Recent data from the Lumia annual coaching survey indicates that the average total pay for coaching ranges from approximately $62,500 per year to $245,000 per year. Coach Pony indicates that life coaches can make $100–$400 per hour and the 2021 Center for Leadership Studies indicates that executive and life coaches can make $150–$650 per session.

The exact level of earnings you have the potential to garner hinges on how you approach the process and what decisions you make regarding your learning and investment opportunities. For more information, read our blog article on The 3 Factors That Influence a Life Coach's Salary.

There is a high demand for life coaches worldwide today. The International Coaching Federation says the number of coaches estimated worldwide grew from 53,300 in 2015 to 71,000 in 2022—a promising growth of 33%. And the field will continue to expand, according to the U.S. Bureau of Labor Statistics, which projects job growth of 10% through 2031—higher than the national average for all careers.

Life coach certification is more than worth the investment for a number of reasons. In addition to equipping you with the skills and expertise needed to enjoy a long and successful career in coaching, earning your certification from an ICF-accredited program is also one of the best ways to attract clients in growing your practice.

Earning your life coaching certification through iPEC's Coach Training Program also equips you with:

• 320+ hours of world-class coach training program hours and practicum
• Three distinct certifications
• 1-1 feedback and support along the way from your peers and professional coaches certified at the highest levels
• A vibrant community of fellow coaches
• Access to a massive resource library of content for you to leverage in your role as a leader or business owner
• Everything you need to be a successful entrepreneur with comprehensive business development training and access to a supportive community of successful coaches
• And much, much more

At iPEC, we offer a wide range of payment plans and tuition reductions to help as many students as possible realize their dream of becoming a confident, certified coach. We’ve helped thousands of students find a payment option that fits so they could start changing their own life and the lives of others as soon as possible. Learn more about tuition and payment options here.

While the benefits of coaching specialization may be clear, identifying and committing to a niche can be a challenge. For some, picturing your ideal client can help pinpoint who you most want to serve and who you most effortlessly connect with in the world today. For others, this may not come as easily, leaving you unsure of where to start.

In these cases, some coaches will use their prior industry experiences as a starting point. For example, someone with experience as a personal trainer might start out as a sports and performance coach, while a former corporate leader might choose to pursue certification as an executive coach. While you don’t need to feel limited to a particular niche that’s tied to your professional experience, it can be a helpful place to start.

Another option might be to allow a personal passion or a significant life event to help guide you toward a specific coaching niche. Finding the right coaching niche for you might not happen overnight—and that’s okay. Don’t be afraid to explore and try a few different areas until you find what feels right for you. There’s plenty of room to play and explore!

When you enroll in iPEC’s Coach Training Program, you aren’t just learning how to become a coach—you’re also learning how to become a successful entrepreneur with ongoing business development training and access to a community of successful coaches. In fact, many students start gaining clients and earning income before they even graduate from the program!

Learn more about starting a coaching practice here.