How to make money as a medical student?

Being a medical student, it’s hard to keep up with all the expenses. You can wait for a big breakthrough but the burden of zero income can really add problems to your daily life.

There may be student loans, medical bills, housing costs, etc. dragging you down, and only relying on your parents’ money is not feasible.

Honestly, bringing in some money on your own will be a huge advantage to cover your expenses. On top of that, it makes you feel independent in some ways.

Though the medical study is hard and you don’t want to distract yourself from your studies, there are things that you can do to make money as well as make time for study.

In this article, we have listed 15 ways that can help you to make money as a medical student. Depending on your skill set and interest, you can choose the path that fits the best for you to earn pocket money.

Without further delay, let’s dive straight into it.

15 Best ways to make money as a medical student in 2022

Student life is hard and expenses are high. To make things easier for you, here are some of the jobs you can do to earn money while studying medicine.

1. Become a Tutor

One of the easiest ways to earn money as a student is by becoming a tutor. Being a medical student, you are more than qualified to tutor college students. There is high demand for tutors with high payments. According to the survey, the average hourly pay for tutors in the US is USD 18.31.

If you are thinking about how you are going to get students to tutor then you don’t have to look too far. The schools and colleges near your local areas will be your first target. Start by advertising what subject you teach and what services you provide around the area. It may take some time but eventually, students will come around and contact you.

On the other hand, you can try to tutor your own classmates. Some of your friends might need help with studying. Ask your friends if they need any tutoring from you. You can also start your own tutoring center at your location. 

📖 Read Also: Wealth Management Tips & Best Practices To Manage Your Money

There are many education companies that you can easily contact and find if there is anyone seeking tutors or vacancies for any tutors.

You will be guaranteed to get paid through the companies as they take payment from the students. You can provide your schedule to these education companies so that they will find students for you.

2. Make a blogging website

Imagine there is a way to make passive income for medical students that is simple and easy to do. The best way to do this is to make a blogging website. 37% of bloggers earn more than USD 100 monthly.

You can cover on the latest happenings or newest technologies in the medical industry. Starting an industry-based technology blog website can also help you make genuine earnings from affiliate programs.

And for that, you don’t need to go through heavy coding to make a website. There are multiple online platforms like Wix.com that enable you to create your own website quickly and easily. If you are still having trouble, you can get help from their support team or your friends to launch your website.

As a medical student, your website can be about medical information which will be easy for you to manage and helpful for your study. You can publish articles related to the medical sector that you can write easily in a few hours.

The difficult part will be to make your website popular. It makes take a while but slowly you will get a good number of visitors. This will improve your chances of getting advertisements, sponsored content, guest posts, etc. You will start earning a decent amount of income to handle your expenses.

3. Get an online job

With the internet being more popular than ever, the trend of online jobs is higher than ever. There are many companies providing online jobs for medical students to earn money at home by taking various positions like content writing, documentation, translator, surveyor, etc. 

These online jobs are flexible in timing so that you can manage both your study time and working hours easily without much problem. Not only that, online jobs offer good pay.

👀 Have a Glance: How to make money on VeVe?

You can also become a freelancer. There are many online job platforms like freelancer.com that offers thousands of jobs. These are pay-per-task jobs so you get a job when you want. This way you can manage your time way lot better than before.

4. Start a side business

Starting a business may look like a really difficult thing to do when studying in a medical school but it’s possible with the right planning. A side business requires a small amount of investment and the exact investment you can find in the form of a startup loan or anything else. With the right preparation, you can start selling your products.

You can either do physical business or online business. As a student, an online business is more suitable as you can manage everything on your mobile or laptop. Also, it allows you to do your business from anywhere.

There are multiple types of side businesses for medical students such as dropshipping, selling tutorials, etc. Feel free to start a business that suits the best for you. Keep in mind that you need to give some time to settle your business.

5. Work as a Medical Research Assistant

Sometimes you don’t have to look too far to make money as a medical student. You can start looking around medical schools where you can find a job as a medical research assistant.

As we know, medical schools include academic research institutions. That means there are many academic physicians working on research projects. These people tend to hire assistants to help in their projects and also pay the assistants. 

Best Side Hustles for Psychologists: How to Make Extra Money?

Although the work can be demanding and tiresome, you can work flexible hours to give time to both work and study. Also, being an assistant can help you get practical knowledge in the medical field.

6. Participate in surveys and focus groups

Medical Students can participate in surveys and focus groups to earn fast and easy money. In general, businesses will offer money or freebies in exchange for your participation in their research. This research is used to help businesses improve their products, services, and marketing strategies.

These businesses bring together small groups of individuals to ask questions and brainstorm plans for their products and services. If your interest aligns with the focus groups, you can participate and get paid for your time.

The same thing goes for online surveys. If you fit the target audience of the business then you can complete their long or short surveys whenever you are free and earn some money.

7. Create a YouTube channel

As we are aware, youtube is a source of income for many. It does pay people decent money to take care of their expenses. Although the payment does depend upon the popularity of the videos your upload and the number of subscribers you have, there are high chances that you can create great videos to catch the attention of a large audience.

You need to create a YouTube channel where you can upload any type of video you like. As a medical student, you can create medical-related videos or anything you are interested in like vlogging, gaming, music, etc.

👍 You May Also Like: How to make money playing Airsoft?

You can give some of your time to create videos and upload them. After that, you can get an income depending on how your video performs. There are many medical YouTubers that you earning good money on Youtube. Check how they do to and start making your own.

8. Sell Merch

Selling merch can be another side business. If you are good at designing then you can start creating your own design and start selling things in the market. Amazon is a good place to sell your products. You can advertise it through your social media profiles.

The merch by Amazon program is a great way to start your business. All you got to do is register, research your designs, submit your designs and finalize your price. After this, you are all set to make money. You don’t need to put in any additional effort.

You will be earning money even when you are in your class taking lectures. The only thing you need to know is you will not start making money immediately. It will take time for your merch to reach your customers.

9. Publish Books

As a medical student, you do have the capability to write books. If you have any interest in writing a book, pick up the pen and start writing. You can earn good money by selling your published book.

There is quite a large customer pool that regularly buys new books. So publishing a good book can gain a lot of attention and get a lot of sales. The book can be of any genre you want to write. Just make sure it’s interesting to read. 

You can sell your books online from book portals or Amazon as well as sell hard copies through retail book shops. You should advertise your books in your college, and on social media to spread the news in the town.

10. Find a side job

If you don’t want to involve in online jobs, then you can find an in-office job. Companies provide part-time jobs to students so that they can manage time for both classes and jobs. Usually, a part-time job starts after taking classes. So, getting a job won’t be that big of a problem.

You can get into a variety of occupations to boost your income while attending medical school. Like Babysitting which is a simple job. You may read your textbooks as well as babysit. It’s a win-win situation. You might be able to bartend or work as a waiter depending on your course load and the employer’s availability. 

You can also get a job in malls, even in your own med school, or even in offices. You can find many side hustles for medical students that wouldn’t add extra pressure on their studies. Make sure you are you keep an eye on your class schedule and you are good to go to earn some pocket money.

11. Become a Phlebotomist

A medical student is trained to draw the blood of a person. He/She won’t have any issue working as a Phlebotomist whose job is to draw blood. There is no need for a licensed doctor or nurse for this job. You can get this job in a lab or a hospital.

Moreover, sending a mobile Phlebotomist to a patient’s home to take blood is a whole business on its own. Most insurance companies hire them to take blood and urine samples of clients for the medical underwriting process. This is why clients don’t have to visit a lab or hospital to draw blood.

You can choose the days and times that work best for you. The business you work with will provide you with a list of local residents who require blood draws, and you will schedule a suitable time to meet with them to take their blood. 

Since you are for paid each person, you are free to visit as many clients as you want.  This is wonderful for medical students as they can schedule their work for the nights, early mornings, or weekends which means they don’t have to miss their work.

12. Drive for Uber or any Ride platforms

If you own a vehicle then you are one step away from making money. There are many apps like Uber which allow you to earn money by picking up and dropping people to their destinations like a Taxi. This is a great way to utilize your free time without much problem.

You can easily sign up for the job as long as you have a valid driving license and personal vehicle. There are no fixed working hours. You manage your working schedule and can work whenever you want to work. It’s a great way to balance your work life and school life. There is no pressure on you to work. 

13. Join organizations

There are various NGOs and INGOs that conduct paid programs like meetings and activities. The members of these organizations get paid when they participate in the programs. As a medical student, these programs are a great way to involve yourself in social work and also earn some money.

Joining such an organization can boost the public health career of a medical student. You can get chances of participating in health camps and practicing your medical knowledge in the field. It’s a fun way to learn new things and earn money at the same time.

Also, these organizations offer job positions. You may want to look into some job openings that do not disturb your medical school hours.

14. Buy and sell shares

If getting a job or doing a side business isn’t possible for you, you might want to look into the stock market. It’s a smart way to earn money without compromising time. You can easily buy and sell shares easily. This can help you to get a decent income without giving much effort.

However, the share is hit or miss. You have to evaluate the stock market and the stock you are buying to get a profit. But there are times you might lose money.

The possibility of losing money shouldn’t make you uncomfortable buying stocks. You need to have the patience to wait for the right time to buy and sell stocks to earn money.

15. Donate Plasma or Sperm

Donating plasma is among the popular ways to get money while in medical school. Some medical students who donate plasma twice a week might earn some money with little effort. 

It takes approximately an hour and a half to donate and you will be paid USD 20-50 per donation. If you do it two times every week, you may earn several hundred dollars per month by giving plasma.

If you are a male, you can donate sperm. As a future doctor, your sperm is more valuable than you think. If you donate sperm frequently, you can easily earn USD 500-1000 every month.

If you are a female, you can donate eggs that pay more than male sperm. Generally, you can earn around USD 10,000-50,000 by donating an egg.

Conclusion

Being a medical student can be challenging especially when it comes to money. But as long as you can follow any one of the aforementioned ways to make money, you earn decent pocket money. 

You can participate in surveys, become a tutor, or take on other jobs in the medical field. You can also start your own business or become involved in medical research.

Whatever route you choose, be sure to research the options and make sure you are getting the most for your time and effort.

FAQs