9

I want to know what a grand master does to earn a living, because if he has a 2600 rating then he is not able to win many tournaments.

5

I believe you meant a rating of 2600 not 1600, the most common way is Coaching. Coaching rates can be as high as 100 usd per session(1.5-2hrs) with a grandmaster of that level or as low as about 35-40 usd(each session).

2

Adding to Rickka's answer: Coaching, books, articles/reviews/analysis for chess magazines/web sites, commentary, participation in smaller tournaments (both for the prize money and appearance fee) and simuls are common avenues of income for GM's.

Acting as a second for a super GM is also quite common. Super GM's can afford to "outsource" some brunt work like studying opponent openings/styles and providing a practice board for novel ideas.

Some 2600+ GM's also have normal non-chess related jobs. Matthew Sadler works in IT, for example, and considers chess as a hobby. I also saw a brief inset on a woman IM (unfortunately I can't remember her name now) who works in marketing for a company that likes the prestige of being associated with chess.

  • Are books really a good way to earn a living? – user5649 Aug 25 '15 at 15:47
  • 1
    No, books by themselves are unlikely to earn you a living; neither would most of the other activities mentioned here. But an "average" GM, if he wants to make a living out of chess, must be versatile and utilize diverse avenues of income. – firtydank Aug 25 '15 at 15:54
2

Usually not playing chess, stock market traders/hedge funds eg McShane, IT eg Sadler, secretary for millionaire eg Jeron Piket, business eg Lautier.

1

I just want to add that in many countries, chess is considered as a sport and those grandmasters are paid by the government. For example, the top Chinese players receives stable income from the government. The money they receive is definitely not impressive, but it's better than nothing. Not every country does that, at least as know the US doesn't believe a chess player should be paid by the taxpayers' money.

1

2500- and 2600-rated grandmasters win tournaments every year. They're just not the high-profile events like Wijk wan Zee or the like. For example, The top three at the recent British Championship were all under 2700, 2 under 2600. Also the French championships.

Run through the events listed in theweekinchess.com sometime...you might be surprised at how many tournaments are won by players under 2700.

  • Are you sure winning some local/state tournaments a year is enough to earn a living? – SmallChess Sep 6 '15 at 0:08
  • British Championship is hardly a "state/local tournament." And who said anything about "some?" Still, if you want some concrete examples: Chicago open winner was under 2500, won $10K...Still it's a chancy business, so they fall back on writing books, articles for magazines and newspapers, coaching, and being seconds for players in the top matches. Some do like Igor Ivanov used to do, play 40-50 events per year. – Arlen Sep 6 '15 at 0:16

Your Answer

By clicking “Post Your Answer”, you agree to our terms of service, privacy policy and cookie policy

Not the answer you're looking for? Browse other questions tagged or ask your own question.