How Much Does a Chess Grandmaster Make? - 5 Proven Ways

Comments on https://lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn

I think for companies ran by GMs; ChessMood could also be mentioned since GM Avetik and GM Gabzyan have founded it, as far as I know.

IM nikhildixit

@AyaanshGaur12 said in #2:

I think for companies ran by GMs; ChessMood could also be mentioned since GM Avetik and GM Gabzyan have founded it, as far as I know.
Thanks! I will add ChessMood in the next edit

@AyaanshGaur12 said in #2: > I think for companies ran by GMs; ChessMood could also be mentioned since GM Avetik and GM Gabzyan have founded it, as far as I know. Thanks! I will add ChessMood in the next edit

vlad4719

Great post! Can you write about same idea but what if I'm just IM or FM?

mvhk edited

@nikhildixit said in #1:

Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn
" On average Grandmasters make $20000-$75000"

Anybody in the West with an university degree can easily earn more than 75.000$. No stress, a health assurance, pension-savings and you normally need maximum 5 years of study. Chess is a very badly paid profession at any level.

@nikhildixit said in #1: > Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn " On average Grandmasters make $20000-$75000" Anybody in the West with an university degree can easily earn more than 75.000$. No stress, a health assurance, pension-savings and you normally need maximum 5 years of study. Chess is a very badly paid profession at any level.

mvhk edited

@nikhildixit said in #1:

Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn
"Most of the open events have total prizes of $10k-$25k where 1st prize is between $2k-$5k"

In Europe most tournaments have a first prize of around 1k$. Last I played an open tournament in Czechia with a first prize of 400$. Only the biggest opens in Europe have a first prize of 2k$ (in my country none exists). Professional chess has collapsed completely in the last decade in Europe. Prizes have been the same for the last 3 decades while life became x times more expensive. Indian players have accelerated this process and now almost no Western player thinks of becoming a professional.

@nikhildixit said in #1: > Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn "Most of the open events have total prizes of $10k-$25k where 1st prize is between $2k-$5k" In Europe most tournaments have a first prize of around 1k$. Last I played an open tournament in Czechia with a first prize of 400$. Only the biggest opens in Europe have a first prize of 2k$ (in my country none exists). Professional chess has collapsed completely in the last decade in Europe. Prizes have been the same for the last 3 decades while life became x times more expensive. Indian players have accelerated this process and now almost no Western player thinks of becoming a professional.

mvhk

@nikhildixit said in #1:

Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn
"Many countries provide stable government jobs and scholarships for IMs and GMs."

Not in the West. Most countries here don't even consider chess a sport. In fact some companies don't like chessplayers as they spend too much time at chess. Chess is considered as a waste of time so I am not even mentioning on my CV that I am a fidemaster. Yes it is pretty sad and only the very passionate players don't quit.

@nikhildixit said in #1: > Comments on lichess.org/@/nikhildixit/blog/how-much-does-a-chess-grandmaster-make-5-proven-ways/uCI1WSIn "Many countries provide stable government jobs and scholarships for IMs and GMs." Not in the West. Most countries here don't even consider chess a sport. In fact some companies don't like chessplayers as they spend too much time at chess. Chess is considered as a waste of time so I am not even mentioning on my CV that I am a fidemaster. Yes it is pretty sad and only the very passionate players don't quit.

AyaanshGaur12

@vlad4719 said in #4:

Great post! Can you write about same idea but what if I'm just IM or FM?
Yes, I think you'd make a accurate post on how much does an FM make, being one. I would like more posts on how much does Titled Players/Masters (other ones)!

@vlad4719 said in #4: > Great post! Can you write about same idea but what if I'm just IM or FM? Yes, I think you'd make a accurate post on how much does an FM make, being one. I would like more posts on how much does Titled Players/Masters (other ones)!

Graque

@mvhk said in #7:

Chess is considered as a waste of time so I am not even mentioning on my CV that I am a fidemaster. Yes it is pretty sad and only the very passionate players don't quit.

I would definitely give you a plus for a FM title on your resume. It wouldn't matter too much to me, but many people have a "hobbies" section, and chess is definitely no worse that what people usually put there (travel, cooking, whatever).

Being a chess master at least shows you can think ahead and have the dedication to stick to something.

@mvhk said in #7: > Chess is considered as a waste of time so I am not even mentioning on my CV that I am a fidemaster. Yes it is pretty sad and only the very passionate players don't quit. I would definitely give you a plus for a FM title on your resume. It wouldn't matter too much to me, but many people have a "hobbies" section, and chess is definitely no worse that what people usually put there (travel, cooking, whatever). Being a chess master at least shows you can think ahead and have the dedication to stick to something.