The Indian Statistical Institute (ISI) is an esteemed, world-renowned, educational institute, funded by the Indian Government. It is solely dedicated to advanced research in Statistics, Mathematics, Economics, Computer Science, and Library Science. It was founded by Dr. Prasanta Chandra Mahalanobis, who is known as the Father of Indian Statistics, in 1931 and has continually been at the pinnacle of academic research. It is also responsible for conducting the Regional Mathematical Olympiad (RMO) and has coordinated the Indian National Olympiad (InMO) from the eastern region. 

Entry into this prestigious institution is regulated by a challenging entrance test. The ISI entrance exams are designed to test a candidate's aptitude for the subject and are heavily depended on the theoretical and quantitative understanding of the subject as a whole.

The Indian Statistical Institute (ISI) has a world class course for Masters in Mathematics: the M.Math. course. Besides the enormous amount of pride and confidence that comes on getting selected for any of the courses, a candidate goes through rigorous grooming and training, and at the end of the three-year long course,  becomes a cut above the rest. Not only does the candidate get to work with stalwarts in the field of Mathematics and Statistics, but the student also gets the orientation and mentoring from the best, in order to be the best on a worldwide level. It is a well-known fact that many Fields Medallists visit the campus and conduct seminars, which the students of the Institute are encouraged to attend and interact.

Besides the academic prospects, a student may also get to apply for jobs with high remuneration from multinational companies as a mathematician or statistician.