A business coach works with individuals or companies to achieve their business goals, increase performance and overcome challenges in the workplace. In this profession, the development of strategies, improvement of leadership skills and implementation of change processes are the focus. Business coaches help their clients gain clarity about their goals, install effective practices and achieve sustainable success.
The average salary is about 47,800 euros gross per year, with the average salary ranging from 20,000 to 79,000 euros gross per year. As a self-employed business coach, you can ask for an hourly rate of between 60 and 120 euros, which is between 2,400 and 4,800 euros net per month.
There is no set path to a career as a business coach, but relevant courses in economics, psychology or coaching methods are an advantage. Many business coaches have also completed special training as coaches and bring practical experience from the business world. Further and further training in coaching techniques, communication or management is very valuable for personal and professional development.
As a business coach, there are different career paths. You can work independently as a freelance coach or hire in a consulting firm. In addition, coaches could also work in personnel departments of large companies to conduct internal training and coaching. With increasing experience and a good network, there is the possibility to specialize in specific niches such as executive coaching or team coaching.