Not surprisingly, executive coaching arrangements can be set up in a variety of ways—but the consensus of the people in this article is that it may cost anywhere from $800 to $5,000 a month, depending on many factors.
CUES member Ev Hopkins says coaches may charge by the hour or by the month, and some will have an annual contract that stipulates how often the coach and executive will meet and whether this will be via an online meeting such as Skype, by phone, in person or some combination of these.
“Costs can vary widely based on the expertise, experience and location of the coach,” says Hopkins, chief administrative officer for $2.4 billion STCU in the Spokane, Wash., area. “Costs usually range from a few to several hundred dollars per hour.”
Executive coach Laurie Maddalena, CPCC, PHR, recommends making sure you’re comparing apples to apples when looking at executive coaching options. “My package includes two one-hour scheduled sessions a month and unlimited support in between—emails, short calls, etc.,” explains Maddalena, founder of Envision Excellence, Rockville, Md.
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