Cole has thrown his name in the hat to replace Aidy Boothroyd as England's new Under-21 boss.
Speaking on JOE Media and Coral's latest All To Play For podcast, he remarked: "I've said before I'm not ready for a role like the England U21s manager.
"But I'm a proud Englishman and playing for my country was the proudest moment of my career, so I would regard any kind of position like that as more of a calling than a job.
"I've got all my badges and I've began on the road and I do feel like that role needs a younger coach who can get the best out of the players.
"I did a year with the Chelsea academy and I learned so much.
"When I started, they had me give a presentation to all the players and coaches on three managers that I had worked with before. For a forty minute talk, I spent two weeks preparing everything.
"I've loved being involved in that side of things, loved the year I did and I feel I learned so much that will help me in the future."