While commissioned by the ICF, the study was actually undertaken by PricewaterhouseCooper.
It is basically a survey, but significant given its worldwide scope and the number of respondents (12,133 valid responses).
You can download the executive summary of the study on the ICF website, >>> HERE <<<
Here are some points that I personally find very interesting:
– a resounding majority of coaches (43% of respondents) identify “untrained individuals who call themselves coaches” as the main obstacle facing the industry. I totally agree with that. I would say that not only this is the obstacle #1, but also it is #1 by a magnitude of 10, i.e. it is 10 times more serious an issue than any other factor. Personally, I have been so frustrated by the number of untrained individuals who call themselves coaches that I considered re-branding myself – just to distance myself from that crowd. I also think that the main obstacle identified by another 30% of respondents – “marketplace confusion” – is strongly determined by issue #1. I am happy to see the ICF taking steps in the right direction by changing membership requirements this year.
– I am also happy to see that the majority of respondents (53%) think the profession should be regulated. I am perplexed by the 23% who think it should not (24% have no position on the issue). If any of you readers think coaching should not be regulated, would you be kind enough to post a comment or send me a note explaining your position? I am asking just out of curiosity…
– as it is clear to anybody who works in this field, the annual revenues earned from coaching show a considerable variation. While the average annual revenue for coaches in North America is US$ 50,400, the median is US$ 29,100. Which means that about half the respondents make less than US$ 29,100 per year from coaching. Something anyone considering coaching as a profession should think about before investing into it.
And what struck you as interesting in this Global Coaching Survey?