Master in Business Coaching
Business coaches make positive contributions to businesses and organizations by identifying, recommending and acting on what needs to be done. Business coaches are also called business consultants or management analysts. They are HR experts who interview personnel and conduct on-site observations to determine the methods, equipments, and personnel that will be required. In addition, they collect information about the problems to be solved or the procedures to be improved. These professionals also recommend new systems, procedural, or organizational changes and make recommendations to the management.
The Bureau of Labor Statistics reports that employment for management analysts is expected to grow by 19% from 2012 to 2022, faster than the average for all occupations. A Management analyst has been listed as one of the Best Business Jobs by U.S. News and World Report. Therefore, if you want to pursue a career that has a positive growth potential and respectable income levels, you should consider pursuing a Master in Business Coaching.
Business Coaching Programs
A variety of degree and certificate programs are available for aspiring business coaches. Students can work towards a bachelor's or master's degree in business coaching and learn how to help organizations reduce costs and increase profits.
Students in these programs acquire principles and techniques required to develop creative solutions in an ever-changing business environment. The curriculum in these programs covers topics such as business, management, marketing, economics, computer and information science, and engineering. You may also have to take up other courses such as psychology, organizational theory, counseling, and leadership theory.
Master in Business Coaching
Though a bachelor's degree may be considered sufficient to enter the field, many employers prefer to hire business coaches with a master's degree. The program may take 1-2 years to complete depending on the route that students opt for. The MBA programs provide students with a foundation in business studies and various coaching methodologies. Students in these programs learn how to apply these methods to different situations and people. Psychology, as well as behavioral science and techniques are important parts of the program.
A number of distance learning schools also offer programs in business coaching. Business professionals who are already working and wish to improve their career prospects can earn advanced degrees in this area of study and enhance their career prospects. As the online programs are highly flexible, they allow students to study at timings that suit their personal routines. This is why the online business coaching degrees can be a useful option for those who are already working or the ones who want to switch careers.
Many business coaches are self-employed while others work in management, scientific, and technical consulting services. Graduates may seek opportunities in finance and insurance, computer systems design and related services as well as federal, state and local government. In 2012, management consultants made an annual median wage of $78,600, as reported by the Bureau of Labor Statistics.
Skills for Business Coaches
Business coaches should preferably have good communication and analytical skills. Employers usually prefer to hire candidates with effective problem-solving and time management capabilities. These professionals should also be confident and self-motivated when working with clients.