Indeed the show does seem to be quite the labour of love for budding cooks, who undergo challenging tests against the clock in a format that would stress out even the most cool, calm and collected of us.
But is there at least some kind of lucrative lure to sweeten the deal for those that don't go on to win? Well, as it turns out, it seems there really isn't.
Yep, reports on the show have revealed that contestants are actually only paid slightly more than the legal minimum wage.
According to the Sydney Morning Herald, a mere $630 allowance each week was handed out to the 2013 contestants, which is only slightly more than the minimum $583 a week for an entry level cook.
Added extras included food and accommodation expenses covered, but even so, that's not a lot to write home about.
In 2011, the situation was even more dire, with it being reported that contestants were paid a mere $500 a week - less than half of the average wage of $1,291 at the time, according to News.com.au.
One contestant, Billy Law, spoke out about the shoddy amount, stating that while he didn't really know the difference while filming, his outlook changed after the show.
"That's when the reality hits and it's then the time to start looking for jobs and to start making money again," he explained.
There is of course, one glaringly obvious catch here - despite the show's rather measly pay, there's a very comfortable treat awaiting the grand champion.
Indeed in 2019, winner Larissa Takchi was awarded a cool $250,000 in prize money after taking out the top spot.
Not only that, but the show is guaranteed to boost their profile within the industry, with many winners going on to release cook books, host their own shows and even open their own restaurants.
Case in point: Season five winner Emma Dean is a host for daily cooking show My Market Kitchen, while season four winner Andy Allen is a co-owner of the Three Blue Ducks restaurants and is one of the new judges alongside Jock Zonfrillo and Melissa Leong.
These successful foodie career paths are guaranteed to bring in the dollars (particularly when you're living in passionate foodie cities like Sydney and Melbourne).
That being said, one has to win the show before seeing this level of frivolity.
And regardless, the pay on the show does mean that the contestants really are there for the right reasons, proving the authenticity of the competition - something quite refreshing in today's reality TV landscape.
So without further ado, bring on the new season of MasterChef - we're ready to drool!
This article previously appeared on our sister site Now To Love.