LEXINGTON, Ky., April 11, 2012 /PRNewswire/ -- According to results of the 2012 ICF Global Coaching Study, professional coaches that belong to one or more professional associations generate on average $49,700 USD in annual income from coaching alone. Conversely the average annual coaching revenue among those who do not belong to any associations was $40,000 USD.
"This study reveals the potential of coaching associations to contribute to the viability and economic well-being of the profession," explained ICF Global President Janet M. Harvey. "We are seeing a new level of understanding about the value of professional associations and how they can strengthen coach confidence, improve coaching collaborations, and offer coaches multiple networking opportunities."
Members of a professional association were also shown to have a higher fee for a one-hour coaching session. Of those with at least one association reported an average hourly fee of $240 USD, versus $200 for those who don't belong to a professional association.
The amount of professional coaches who responded to the survey and are currently members of a professional coaching association is quite large, with around 77 percent of all coaches saying they hold membership in at least one association. The 2012 ICF Global Coaching Study also asked coaches to identify what professional associations or organizations they hold membership with - the International Coach Federation was the highest chosen selection, earning 64 percent of respondents.Over 12,000 coaches representing 117 countries throughout Africa, Asia, Australia, Europe, North America and South America participated in the study commissioned by ICF and conducted independently by the International Survey Unit of PricewaterhouseCoopers (PwC) in 2011. To learn more about the 2012 ICF Global Coaching Study, and download the Executive Summary, please visit http://coachfederation.org/coachingstudy2012. The International Coach Federation is the leading global organization for coaches, with over 20,000 members in more than 100 countries worldwide. ICF is dedicated to advancing the coaching profession by setting high ethical standards, providing independent certification, and building a worldwide network of credentialed coaches. Coaching is a distinct service and differs greatly from therapy, consulting, mentoring, or training. ICF defines coaching as partnering with clients in a thought-provoking and creative process that inspires them to maximize their personal and professional potential. For more information, please visit our website at http://www.coachfederation.org. ICF HEADQUARTERS CONTACTS: