Executive coaching is an exciting and satisfying career prospect that ticks the boxes for leaders and executives who want to positively impact businesses by empowering other leaders and make a living out of it.
Is executive coaching your passion? Do you want to make executive coaching your profession? Then hesitate not, for it is totally worth the investment!
This blog will show you why. We shall answer some common queries regarding executive coaches, executive coaching, and selecting the right executive coach training program.
What is executive coaching?
The International Coaching Federation (ICF) defines coaching as partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential.
Executive coaching is a niche area that addresses executives’ specific challenges and needs. An executive coach enables executives to clarify goals, widen perspectives, and develop a broad vision for their organization. Executive coaching also helps build an executive persona or leadership persona.
To learn more about executive coaching with Regal Unlimited, visit our executive coaching webpage.
What are the requirements to become an executive coach?
1) A genuine interest in empowering and bettering the lives of leaders
2) Selecting a suitable executive coach training program
To become an executive coach, you need to understand what professional coaching is, what coaching entails, and an awareness of core coaching competencies. Innumerable training institutes exist that can train and certify you. There are many online executive coach training programs, too, on offer.
Executive coaching is an unregulated field. Therefore, selecting an executive coaching program approved by a reputable association is advisable.
International Coaching Federation (ICF) is the world’s largest professional coaching body that regulates and validates the quality of coaching programs.
ICF is considered the gold standard in coaching and coach training worldwide. So you would gain greater credibility and acceptance as an ICF-credentialed coach. Most organizations are particular about selecting an executive coach who is ICF-certified.
We know of coaches who invested a lot in coach training programs only to lose clients because they lacked an ICF certification.
So to increase your chances of becoming a successful executive coach, consider selecting an executive coach training program approved by the ICF.
Over 4 million ‘coaches’ worldwide (on Linkedin), but only 50,000+ coaches are ICF credentialed. You can be part of the elite set of internationally recognized coaches if you take up an ICF-certified executive coaching program.
Regal Unlimited, an ICF-approved coach-training organization, offers one of the best executive coach training programs in India. We have enabled more than 300 professionals and leaders to realize their dreams of becoming coaches. We are right up your alley if you want to select the right executive coach training program.
3) Experience as a leader/executive
An ICF coach is qualified to coach anyone, be it a professional, leader, or executive. So technically, any ICF coach can become an executive coach. But in practice, executives and leaders select executive coaches with experience in leadership roles, executive roles, or both. Having been there, such coaches better understand the pressures and challenges of the position.
A combination of ICF certification and leadership experience significantly increases credibility, making these coaches the preferred choice for clients.
How much does it cost to become an executive coach?
Do you plan on becoming an ICF-certified executive coach? Then the first step is to get an ICF Associate Coach Certification (ICF-ACC) and become a professional coach. With this in hand, you can choose any niche area, such as executive coaching.
An ICF-ACC program costs around INR 1 lakh to INR 1.5 lakhs in India. Similar programs in the US range from $975 to $12,970.
Contact us to find out how much it costs to become a certified Executive Coach with Regal Unlimited,
Two ICF Coaching Certification Options at Regal Unlimited
1) Become an ICF-credentialed coach with our ICF-ACC Program
You can become an ICF-certified executive coach with Regal Unlimited’s ICF-ACC Program. It’s a 60-hour program with six days of face-to-face training/eight days of online training, plus 10 hours of mentoring. Credentialing requires 100 hours of ICF-mandated practice coaching.
To learn more about our ICF-ACC program, visit our webpage.
2) Get our Regal Coach Certification (RCC)
If you want to add coaching to your toolkit as a leader and are still undecided about whether to take the full plunge to become an ICF-certified coach, then the Regal Coach Certification is the ideal program for you. This foundational program in coaching enables you to coach leaders and executives in your professional capacity as a leader. RCC includes 20 hours of learning spread over three days plus 1 hour of personalized mentoring.
RCC allows you to get a feel of the coaching space. You can choose to take up the ICF-ACC program when you are committed to taking executive coaching as a profession.
When you decide to become a certified professional coach, you get an added advantage if you choose the Regal ICF-ACC program. Your 20 hours of learning get carried over to the ICF-ACC program. You must cover only 40 hours when doing your ICF-ACC. The price of the ICF-ACC program is adjusted.
What About My Return on Investment?
Regal Unlimited’s executive coach training program is designed to create high-quality, competent coaches with rich practical coaching experience and extensive theoretical knowledge of the coaching domain.
Our program is known for its rigor and adherence to international coaching standards. We enable you to be on par with the top coaches in the world!
The cost of becoming an ICF credentialed coach is a drop in the ocean compared to what you would earn as a practicing executive coach.
A typical coaching engagement is 6-9 sessions. An experienced, professionally credentialed ICF-ACC coach trained at Regal Unlimited charges anywhere from INR 50,000 to INR 4 lakh for a six-month coaching engagement.
A coaching engagement with one client can recover almost half the amount invested in becoming an ICF coach. If you begin your coaching career with even two clients, you should be able to get back your investment between six months to a year.
With Regal Unlimited, you get lifelong returns. We provide the perfect ecosystem to nurture and help coaches thrive. We mentor and support coaches. We also aid in brand building and setting up coaching businesses.
Click here to learn more about us.
Experience the power of executive coaching to become an excellent executive coach
The best teacher for a leader is evaluated experience. – John C. Maxwell
Have you experienced the transformative power of executive coaching? Most successful executive coaches are a sum of the executive coaching they have experienced as leaders. Executive coaching can enable you to become a more intuitive, empathetic coach.
Choose executive coaching with Regal Unlimited and experience the magic.
We have trained over 1000 leaders from more than 50 organizations worldwide.
Select the best executive coach training program for yourself. Join the next cohort of ICF-ACC.
Get guidance from a Regal executive coach on how to make executive coaching your profession. You can have an exclusive personal interaction with one of our best!
FAQs
What do executive coaches do?
Executive coaches partner with HiPo leaders and senior executives to maximize their potential personally and professionally. For executives, this entails enhancing leadership persona, building an executive persona, improving strategic thinking, enlarging the canvas, and developing clarity and vision for the organization. Executive coaches also function as accountability partners, mirrors, and cheerleaders.
What are the requirements to become an executive coach?
These are the requirements a person should ideally fulfill when selecting executive coaching as a profession –
1) An executive coach must have the ability to listen, understand, and empathize with the client
2) An executive coach must ideally have a working knowledge of the leadership/executive domain. Executive coaches with experience in leadership/executive roles are in higher demand than executive coaches who do not.
3) An executive coach must have trained to be a coach from a coach training institute linked to a reputed and widely accepted authority in the coaching domain, such as ICF and EMCC. ICF is considered the gold standard in coaching, and coach training programs that provide ICF certification and credentialing are universally acknowledged.
4) A leader who wishes to become an executive coach has to know how coaching differs from mentoring and consulting. This would help them avoid the mistake of mentoring or consulting in the name of coaching.
Are executive coaches in demand?
The demand for executive coaching is on increasing trend. Between 25% to 40% of Fortune 500 companies hire executive coaches for their leaders. According to the Chief Learning Officer journal (2021), more than 70% of organizations offer some kind of leadership coaching.
The increase in demand for executive coaching certification also reflects an increase in demand for executive coaches. The executive coaching certification market is expected to grow at a CAGR of 11.3% between 2022 and 2032. This is a growth from approximately US$9.3 Bn in 2022 to over US$ 27 Bn in 2032. (Source)
What makes a good executive coach?
The following qualities are needed to become a good executive coach –
- A good executive coach does not allow personal ambitions to interfere with the coaching process. The client is the topmost priority.
- A good executive coach actively listens to their client.
- A good executive coach does not mix mentoring, consulting, or other modalities with coaching.
- A good executive coach can identify a client’s strengths and weaknesses astutely.
- A good executive coach can function as an effective sounding board and mirror.
- A good executive coach maintains a detached attachment while engaging with their client.
- A good executive coach is completely invested in the client’s well-being.
- A good executive coach knows when to challenge the client.
