To earn this certification, you must have at least 125 hours of specific training for coaches through an ICF ACTP or ACSTH program, 10 more hours of training with mentors, and a minimum of 500 hours of coaching experience. You don't have to be a teacher or consultant to become an executive coach. You must be a curious person who is willing to challenge someone's thinking and approach. Its function is to be like a mirror and to help the executive to see what he cannot see for himself.
It's not an easy job, but it's rewarding. To get started as an executive coach, you practically only need a laptop. Aside from that, you can get an executive coaching certificate. However, a certificate isn't something you should have in most training niches.
The Organizational Development Institute outlines 15 different types of training. I suggest that you research and study the main differences and similarities before deciding that executive coaching is really the form you want to offer. You can determine what other type of training is more suitable for you, or you may decide that you trained poorly and now you don't want to do it ever. The clients we work with select training packages (that is, the most purchased packages are our six-month package and the 18-month package).
There are no specific qualifications or titles for an executive coaching career. However, most coaches have previous experience in consulting or business management before becoming executive coaches. Many have a bachelor's or master's degree in business administration (MBA). Some executive coaches study psychology and management theory to gain information about organizational relationships and structures.
There are several voluntary certification programs that can improve your chances in the field. Both executive coaches and executive advisors add institutional and leadership value to achieve results, but they take different approaches and use different processes to get people to achieve those results. There's certainly no problem in becoming both an executive coach and an advisor; you just need to know the distinctions. Starting an executive coaching business involves hard work, and you're the one who makes every aspect of the business happen every day.
There are all kinds of different coaches, from motivational coaches to executive coaches, leadership coaches, professional coaches, personal trainers, etc. But as I became more committed to the value and benefits of executive coaching, I realized that I would be more successful with a clearly defined executive coaching methodology and framework, so I designed one, called DREAR, a superior coaching model. Often, those considering executive coaching used to be corporate executives who ran a company and delegated work. Today you will learn how to start an executive coaching business that is hugely abundant and profitable not only financially, but also personally.
And you could work your way up, starting with mentoring lower-level executives and, ultimately, working with CEOs. Several of my students from diverse industries, such as executive and professional coaching, health training, mental training, and more, are doing just that. The distinction is remarkable and you should really consider it before investing in becoming an executive coach. After years of advising and collaborating with executives and teams on strategy, performance, organizational culture, human resources, project management, etc., another study shows that executive coaching can have an ROI of 788% thanks to improvements in areas such as productivity and employee satisfaction.
And a good number of questions also come from current executives and management consultants who want to develop coaching skills so that they can perform better as supervisors or managers...