Professional coaches have a very interesting and recently developed career path. They train executives and other people to perform to the best of their abilities, so that they can more effectively pursue goals for themselves and their companies. Most large corporations now use executive coaching, as do a growing number of medium-sized and small businesses.
Today, industry spends over a billion dollars on executive coaching. There are more than forty thousand people employed in the field, and demand always outstrips the supply of available personnel. Most companies try to train their coaches internally to make sure of having people available, as well as to better manage the specific types of training that they need for their business.
Originally, the purpose of executive coaching was to assist employees who were performing below expectations, so that their value and productivity could be increased. It is now more likely to be used earlier in a employee's career, so that managers and executives can be properly trained for an early stage in their time with a company. Generally, it is easier to learn good habits early than to try to correct them later.
It is possible for companies to employ coaches from firms which specialize in that field, but this can be problematic. The vast range of certifications and training types that exist in the marketplace can make it hard for these firms to properly narrow their focus. In addition, some certifications are simply meaningless since anyone can call themselves a coach.
When you look on the internet, you will find that some companies claim that they can train people to become professional coaches in as little as three or four days. Upon payment of their fee, they might then automatically confer some sort of diploma or other dubious title or certification. Although you might prefer something requiring little time or effort on your part, the reputable programs are likely to require time closer to a year, require actual work experience in coaching, or require academic work for associates, bachelors or masters degrees.
Getting the specific coaching for a company or industry may be a tougher task then checking references and recommendations on coaches. It makes more sense for a company to send their staff members to executive coaching classes then to have them trained at the company. The insider coaches would know the industry as well as the company, as well as trained in coaching skills to be more effective.
Some corporations pay for employees to go through this specialized training. That money is then recovered by decreased costs within, but also by subcontracting that individual to smaller businesses. The business has gotten profitable enough that multinational corporations now set up internal academies so they can verify the training of their professional coaches.
It is possible to be trained as an executive coach through the web, but it might be difficult to determine the quality of your education. A second possibility is attending a specialized institution, but that might skip more modern areas of thought. If you are going to spend the necessary funds for a "brick and mortar" school, you are probably better off at a more traditional university.
Executive coaching is a growing market, with over $1 billion spent in this sector. Many companies offer classes on the internet that train professional coaches and offer certifications, but these are usually not the quality most companies require. Companies are starting to invest in having some of their employees trained as these coaches so that they can come back and coach the other employees within the company. Companies can even outsource these coaches to gain additional revenue. The best place for this training to take place is community colleges or traditional universities.