This paper focuses on the education and training of business coaches, specifically at the Masters/graduate level. The paper first reviews the knowledge and skills required of business coaches, comparing the recommendations of professional associations and the literature. Next the paper reviews the approaches to education which are best suited to help students acquire knowledge and skills, and how these may be assessed. The paper discusses the challenge of developing both knowledge and skills, and the use of e-learning as an on-going support for students. The benefits of authentic assessment and a varied approach to learning are also reviewed. Thirdly, the paper reports on the experiences of a new Master of Business Coaching at Sydney Business School, University of Wollongong, Australia, providing both performance and perception data from the first cohort of students. Possible reasons for the students' strong performance are suggested.