The Conference Board has published an update to its survey of executive coaching fees. According to the survey, “the most commonly stated fee [for executive coaching of CEOs and their direct reports] is greater than $500 per hour. I found this a bit odd, not because of the price level but because the top executive coaches I know do not charge by the hour but for a term of service. This was confirmed later in the Conference Board report.
Executive coaching engagements are typically six months or one year in duration, according to the survey, and fees range from $13,000 to $30,000 for six months.
My experience is consistent with those figures.
Readers may also find it interesting that executive coaching is common and growing not just in the US but in Europe and Asia. Rates are the same in Europe as in the US and have risen significantly around the world.
Click here for the complete Conference Board 2008 Executive Coaching Fee Survey.
The Conference Board has released its 2010 report. See my comments here.
Hi, very nice post. I have been wonder’n bout this issue,so thanks for posting
Tony,
In support of the value added Coaching offered to BOD C-Level Executives. I too can confirm the rates for coaching services. In addition a BOD, C-level executive is not a onetime coaching relationship it starts with a commitment that spans from Six months to one year.
Don Martinez is a Master Certified Coach and MNLP/P T he has been hired by fortune 200/500/1000 organizations
Our coaching method is a combination of Transformational and Behavioral based Coaching
Don is the Creator of Accelerated Conditioning™ a Method.
To learn more visit us at http://www.coachwithdon.com
As Sherpa Coaching reports, most coaches only work with 6 to 7 clients at a time which justifies the longer duration. Also personally I find that initial goals hardly reflect the challenges faced by the clients. A long term engagement is necessary to uncover the real issues and develop powerful strategies that will “stick”.