Bright chess-playing students may get some special burses. A more modest and closely related term is “conditions” – usually coverage of hotel/travelling expenses, a small fee (few hundred bucks) at best.Ĥ) Scholarships and stipends. Probably the main income of pre-elite grandmasters who are paid $5-20k for competing for a certain club.ģ) Appearance fees – works for top pros who are paid to “show up” at a certain event, thus boosting its prestige. However, this is very uncommon in other countries.Ģ) Playing for clubs. Of course, there are exceptions (like the U-something tournaments that are quite popular in the US). A typical event won by a 2500+ GM has a first prize of below $5k. ![]() Top open events normally have a first prize of about $20k (one needs to perform way above 2700 to win them). Anything above $50k usually refers to a prestigious round robin. Linares) one gets something like 100,000 euros. The winner of the world championship typically gets $1-2 mln. ![]() Another question that derives from it is: “How much will I be making?” Young guys are especially pragmatic, so for many of them the choice between getting a job in the office and becoming a chess pro is quite acute.įirst of all, let’s classify the main legal means of earning money in chess:ġ) Prize money. People often ask me whether they will be able to become a grandmaster.
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