Business Coaching programs are perfect for working professionals looking to enrich their knowledge, acquire new skills, and expand their network. These courses, usually offered by graduate schools and executive development centers at universities, help individuals take their careers to the next level.
In the coming years, professionals who undergo business coaching programs will be able to grow and evolve significantly in their careers. For instance, the US Bureau of Labor Statistics expects employment opportunities for Financial Managers to grow by 16% from 2018 to 2028. This comes to nearly 105,000 new vacancies.
Therefore, if you are planning to enroll in a business coaching program, then this guide will help you. It contains important information about some of the best business coaching programs in the US. Popular professions in the sector have also been talked about.
What Are Business Coaching Programs?
Business Coaching programs are graduate-level study and training courses. They are usually designed for mid-career professionals looking to update their knowledge and enhance their skillset. During these courses, students learn newer and improved ways of performing different work activities, learn from the knowledge and experiences of their fellow learners, and are mentored by industry experts.
What Can You Do With a Business Coaching Program?
A Business Coaching program will help you gain employment in different areas. Popular professions include Chief Executive, Corporate Consultant/Trainer, Motivational Speaker, General Manager, Financial Manager, Marketing Manager, Human Resources Specialist, Business/Executive Coach, Psychologist, Career Counselor, etc.
Salary details and expected career outlook for some of these jobs are provided below. The information presented has been taken from the latest records of the US Bureau of Labor Statistics.
Chief Executives
Chief Executives are responsible for preparing policies and devising strategies to help an organization achieve its goals. In this regard, they oversee and direct the work activities of people within a company.
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $184,460 | -5% | $193,850 | California | 31,730 |
| South Dakota | $256,110 |
Financial Managers
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $129,890 | 16% | $147,530 | California | 92,060 |
| New York | $210,240 |
Human Resources Specialists
Human Resources Specialists are responsible for recruiting workers, managing employee relations, drawing up compensation and benefit plans, and organizing corporate training sessions.
| Annual Median Salary, 2019 | Job Outlook, 2018-2028 | Annual Mean Salary, 2019 | State with the Highest Employment Level, 2019 | State with the Highest Salary, 2019 |
| $61,920 | 5% | $67,760 | 71,130 | California |
| District of Columbia | $97,730 |
What to Expect from a Business Coaching Program?
A Business Coaching program will teach you about Corporate Management, Business/Executive Coaching Principles, Strategic Planning, Financial and Operations Management, Advertising and Marketing, Ethics in Executive Coaching, Communication Skills, Executive Consulting, Practicum and Supervision in Executive Coaching, etc.
How to Choose a Business Coaching Program?
You need to be mindful of a few things when picking a Business Coaching program to pursue. First of all, you should make sure that your preferred course is recognized and accredited by the concerned authority. Other than that, your decision must also be based on the fee structure, skill development opportunities, course contents, and their relevance to your career, university/institute location, ease of commute, etc.
Business Coaching Program Requirements
Entry requirements tend to vary depending upon the kind of program. In general, most business coaching programs are targeted at working professionals who already hold an undergraduate or higher degree. Therefore, these courses require extensive experience in a related field.
Moreover, you will probably have to submit a personal statement/essay and a couple of recommendation letters. Some programs may also require you to take the GMAT (Graduate Management Admission Test) or GRE (Graduate Record Examination).