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How to Earn Money While Studying in College through Coding?

  • Difficulty Level : Basic
  • Last Updated : 07 Nov, 2021

There is this common question in most of the student’s minds studying in different colleges especially those students who are pursuing an engineering degree and are wannabe software engineers with having an interest in coding/programming. This blog is dedicated to all the students out there looking to help their cause and support their lifestyle while learning. 
 

How-to-Earn-Money-While-Studying-in-College-through-Coding

One common path which most engineering students choose, especially students from the Computer Science stream, is Competitive Programming. Well, it is a great way to develop your logical mind and code solutions to seemingly difficult problems. This is useful in the future for software development jobs in the industry but to be honest, it has a downside while being in college – you don’t have that much scope of earning money through Competitive Programming by itself. You need to know a tech stack to work on be it Web, Android, iOS, Desktop, etc. Well, you can earn a good amount of money though by winning various competitions online/offline based on Competitive Programming. Some common platforms and programs wherein you can participate are: 

1. GeeksforGeeks

GeeksforGeeks is a computer science portal for students or working professionals which provides many ways to earn money. This website organizes coding events every year like GSC Triple Threat Coding Contest, Geeks Coding Challenge, etc. that provide a huge amount to the winners. 



Also, you can earn money by writing articles for GeeksforGeeks. Some of the writing challenges are Write From Home, Technical Scripter, etc. This website provides the WFH internship as a Technical Content Writer. For more details, you can refer to the How to get Technical Content Writing Internship at GeeksforGeeks

2. CodeChef

Coding competitions like ACM ICPC, Monthly Cook-off challenges, and more are a great way to earn. These competitions have a lot of monetary rewards if you rank among the top participants. Different contests have a different range of rewards which makes participating in these contests even more interesting. Codechef hosts several contests where cash prizes are rewarded. Three major contests of the month are – CodeChef Long (10 days contest with 10 problems), 2 short contests – COOKOFF (2.5 hrs), and LUNCHTIME (3 Hrs contest). 

(a) CodeChef Long Prize Money Details: 

For Indians: 

  • 1st prize: INR 12000/-
  • 2nd prize: INR 8000/-

For the Rest of the World:  

  • 1st prize: $400
  • 2nd prize: $300

(b) Cook-Off and LunchTime: 

For Indians: 

  • Top 10 from the rank list will get CodeChef laddus 

For the Rest of the World:  



  • Top 10 from the rank list will get CodeChef laddus
  • With CodeChef laddus, the winners can claim cool CodeChef goodies. 

3. HackerEarth

Here, you can take part in several job hiring challenges! HackerEarth is one of those platforms which benefit the lives of competitive coders. Coders can take part in the contests and if they rank well within the pre-mentioned criteria, they land interviews and jobs at cool companies. They also organize various online hackathons on their platform which students can take part in and win cool prizes and rewards. 

4. Codeforces

Similar to CodeChef, they have various programming contests that have a wide range of rewards starting from goodies, swags to prize money. 

5. LeetCode

This is one of the premier platforms to sharpen your coding skills. LeetCode has different challenges, contests, and mocks which have rewards(mostly goodies) as well as awesome problems to solve. This platform is dedicated to preparing you for your interview coding rounds. 

It is always considered good to have a good grasp of any domain along with Competitive Programming. That will open you up to a vast range of opportunities. Here are some good opportunities as listed below: 

1. Freelancing: Working part-time for different companies, startups, or individuals on a contract basis for developing their project idea into a working product/software for which you get paid. 
One of the best websites to hunt for freelance opportunities is Freelancer.com. They have great opportunities for both sets of people – people looking to hire coders and developers to build their product as well as people like students looking for freelance opportunities. If hired, you sign a contract with the employer and you get your payments based on that contract. 

2. Open Source: Programs like Google Summer of Code, Outreachy, RGSOC, and more are great sources of learning and income for students. It also adds great value to your resume when you apply for jobs at reputed multinational companies. 
Out of all the open-source programs, the Google Summer of Code initiative is the most recommended and renowned in terms of relevance and value. If selected, you get to work on really cool projects under the mentorship of knowledgeable mentors of organizations who provide great value. If you pass the program successfully, you get a stipend of 3000 USD for 3 months of work done. 

You can have a look at the About and FAQ sections of the program on their official website Google Summer of Code. To prepare for Google Summer of Code, you can refer to the article How to Prepare For GSoC (Google Summer of Code) – A Complete Guide

Outreachy is another great program for students. Though they have different criteria of selection, they provide better stipends of 7000 USD for 4 months of work. If you haven’t yet undergone an open-source program, Outreachy is a great option for you to thrive. To know about various other open-source events refer to this article.

3. Internships: Apply for internships of 3-6 months duration under different organizations/companies and earn a stipend per month. Internshala, Let’s Intern, Indeed, and LinkedIn are great sources of finding internships. Once you pass the interview rounds, you get offer letters from companies mentioning your monthly stipend for the work you will be doing in the dedicated period of the internship. 

Remember, slow and steady wins the race, so do not rush anything. If you want to learn Competitive Programming, take your time and get a good grasp on it so that you can compete and stand a chance of winning those competitions. If you want to learn about a tech stack or domain, put your mind to it and achieve something which you can work with for learning never ends. The developer community out there is always ready to help each other. You shall thrive if you are willing to strive!



4. Hackathons

A hackathon is an online or offline event in which developers and other tech-savvy people collaborate to work on a solution to a given problem. These hackathons can address issues ranging from social problems, business problems to economic problems, and what-not. These events provide a great platform for students to learn and those who perform remarkably well in the event are provided with handsome compensation and prizes. To know more refer to this article.

5. Blogging

Now everyone out there knows what is blogging but only a few people dedicate enough time and effort in their blogging journey to stand out from the rest. So being a programmer starting a blog can help up out in mainly two ways first, it will be very helpful in giving us a good grasp of the concept we are writing on because we learn a lot when we explain in a systematic, easy understand way. The second way would be to generate some revenue from the traffic by ads, affiliate links, or others. There are many websites like geeksforgeeks.org, etc. where one can start writing articles.

6. Develop Apps/Website 

Nowadays it is hard to think that there was a time without the apps and websites we frequently use. In the past five to seven years the world has seen a great rise in the services that we use in the form of apps and websites. Lucky for the users there are many useful websites and apps providing services that didn’t exist earlier or were very tiresome, for example, online railway/fight and taxi booking services. Lucky for us as developers, we can think of one such existing problem, build a solution and then leverage it to earn some profits. 

7. Online Educator/YouTuber

Like blogging being an online educator or YouTuber will build out knowledge and earn us some money. In addition to those, it will also have a great impact on our communication skills and one can also make a personal brand to achieve greater heights! One can make videos for a platform like GeeksforGeeks, or teach on platforms like YouTube, etc., and also one can sell his paid courses.
 




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