Health and Wellness Coach salons can vary quite a lot. The US Dept. of Labor Bureau statistics reported that in 2010 that the salary for Health and Wellness Coaches ranged from $ 23,443 – $ 61,928 a year. Of course, a lot will depend on the particular career path you choose to take after having received your training.
There are wide-ranging opportunities available, from owning your own business, to working for a corporate wellness program, to joining a physician's practice. The salary potential is quite variable. Indeed.com states that the median salary for a Health and Wellness Coach is $ 72,000 annually. However, many job listings you'll find in this field omit adding a salary figure in their career ads, so it may be difficult to tell as a job applicant what you can expect to make. The interview will be key. Also, keep in mind that the more education and experience you have, the higher your pay scale will be as an employee.
If you choose to go the route of an Independent or Personal Health and Wellness Coach, as a small business owner, many factors that affect your salary are controlled by the parameters you choose to set.
For instance, take a look at these questions you need to address in your business:
Do I want to work from home or meet my client in an outside establishment? If so, you eliminate office space costs.
Do I want to work part-time, and have just a few clients a week, or would I rather work with as much business as I can reasonably keep up with, such as 70+ hours a week?
Do I want to offer extra features and services to boost my income, such as online courses or printed materials?
Will I be spending time and money advertising my services in order to to generate business?
Those questions and more are just some of the things to consider when starting your own Health and Wellness Coaching business. They determine your overall yearly income.
Given these wide-ranging options, the monthly salary could be anywhere from $ 200 – $ 300 a month to even earning $ 1,000's + of dollars a month. Personal health coaches often have fees between $ 100 – $ 150 an hour. Some coaches do offer packages of multiple sessions at a lower per hour rate.
Another financial bonus, is that when you own your own small business, numerous expenses are tax deductible, giving you quite an advantage in terms of annual earnings.
If you choose a different career path, and prefer to become an employee as a Health and Wellness Coach, you may find that as with any occupation, the larger the role and responsibility, the higher your pay.
For example, if you work for a corporation as an Employee Health and Wellness Administrator (around $ 50,000 annually), your job will involve less responsibility than if you were a Wellness Program Manager (around $ 75,000 annually).
Checking with local job listings will yield varying results depending on how large and established the company or practice is, as well as how broad the job responsibilities are.
For other examples, Health and Wellness Coordinators at corporations typically make around $ 50,000 a year, where as Consultants make approximately $ 44,000.
The Bureau of Labor Statistics does see an uprising career trend in Health and Wellness coaching. They also foresee that about half of all employers will have some kind of Corporate Wellness program active for their employees in the future. With predictions like these, a career in Health and Wellness does look to have a very promising future. You may find that a Health and Wellness Coach earns a salary you could be very comfortable with. Job opportunities in this area are certain to grow.