How much does Business Coaching & Career Coaching Cost? 2023

What is Business and Career Coaching?

Coaches come in all forms from life coaches to wellness coaches. However, business and career coaches specifically help you with all things work. Namely, your goals in relation to where you are now, and what is preventing you from reaching those goals. The coaching can either be about your business (business coaching) or can help an employee within a general work environment (career coaching).

The aim of business and career coaching is for an experienced professional to act as a sounding board. They’ll look to highlight your strengths, and challenge you to work on any weak points so that you can get where you want to be. 

Sessions will be held on a one to one basis and will give you the chance to talk about any issues you are currently facing. It could be that you want to grow your business or take on a leadership role, or even change careers altogether. Business and career coaches are there to support you every step of the way. 

How much does Business Coaching cost? 

The cost of business coaching ranges between £63 and £123 on average per hour, depending on the level of experience of the coach, as well as your location.

At a basic level, business coaching looks at developing a strategy for your startup or existing business. More advanced coaching will offer invaluable insights based on decades of experience, which will typically be more expensive. Though either way, it’s going to be a worthwhile investment into your business. 

On average, you should expect to pay £85 per hour for business coaching. By bringing all the relevant information about your business to your first session you can hit the ground running with your coach. 

You should also have an idea about what you’d like to achieve through business coaching so that your professional is best able to help you. Having this knowledge will also help you align with the most suitable coach based on your goals.

How much does Career Coaching cost? 

The cost of career coaching ranges between £75 and £150 per hour, with an average price of £100 per hour.

What affects the cost of career coaching is the type of attributes you are looking to gain, as well as the environment and location of the sessions. For example, learning what it takes to climb the corporate ladder in London’s financial district, will likely be more specialist than getting help with your first job out of university. 

As with business coaching, it’s possible to book individual sessions or block sessions for career coaching which may work out cheaper. Some career coaches also offer special packages too.

What changes the price of Business or Career Coaching? 

The cost of business or career coaching varies depending on several factors, including: 

• Type of coaching

• Coaching requirements

• Number of sessions

• Time

• Location

Type of Coaching 

Anyone can become a business or career coach. There’s a huge difference between those who are just starting out, and those who have coached thousands of clients before. Those who are new to coaching may charge as little as £30 per hour. This raises to £250 and above for the most in-demand professionals. 

It’s important that the coach has experience in the exact goals you would like to achieve. Some coaches will even have worked in your particular field too, so will know better than anyone how to get there. Experienced coaches will naturally be more expensive, though won’t all charge at the very top end for their services.

Coaching requirements

As well as there being a difference between career and business coaching, so too is the need for an individual approach to your sessions. After all, no two people are at the same stages of their career, or are even facing the same stumbling blocks. If your needs are particularly complex, it will take more time and sessions to work through. 

Number of sessions

The more sessions you require, the more it’s going to cost. A good way to manage the cost is to ask upfront about how many sessions you will likely need, based on your specific goals. Some people will only need a small handful of sessions, and others want to build up a long term relationship with their coach. You may also want some top-up sessions in the future, so it’s entirely flexible for your needs.

Time

Coaching sessions will usually be 1 hour in length. Though it all depends on the time you have available, along with the time options your coach offers. Initial sessions may be longer, such as 2 hours so that your coach can get to know you, and work out a plan of action.

Location

The location of your career or business coach will impact the cost. Not only is this due to different living costs but also the types of experience a coach may have depending on where they live. Typically, city locations will be more expensive.

The cheapest area of the UK to receive business or career coaching is the North East, averaging at £63 per session. This raises to £125 per hour for business or career coaches in London.

Keep in mind that as coaching can also be done online, it’s possible to find a business or career coach from another area, which may raise or lower the price of their services. Though a huge advantage of this method of coaching is that you can select the right professional for you, regardless of your location. 

Is it worth getting Business or Career Coaching?

Sometimes we all need a little bit of help to achieve our ambitions. Seeking trusted advice from a professional who's been there and got the t-shirt in the form of a business or career coach is well worth it. They can break down each issue you are facing into manageable pieces, all while offering invaluable support. Compared with going it alone, it always pays to have someone on your side, whether you’re after that promotion or trying to grow your business. 

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