Indian Statistical Institute, Kolkata
M.Stat — Master of Statistics
India’s most legendary stats program. Two years, ₹40k total fees, and a direct pipeline into quant finance, Big Tech ML, and actuarial science.
Key numbers
NIRF Rank
#75 Overall
Batch Size
60 seats
Duration
24 months
Total Tuition
₹40,000
Your 2-Year Journey
Year +0
Crack the ISI Admission Test
Nationwide entrance for only 60 seats
Year +1
Deep-Dive Coursework
Advanced Inference, Bayesian Analysis, Statistical ML & Time Series
Year +2
Placement Season
90% placed with top recruiters; average CTC hits ₹15 LPA
Investment
₹0.4L total
~₹0.2L per year
- Annual Tuition₹20,000per year
Are you eligible?
Academic Background
Bachelor’s degree with Statistics or Mathematics as core subjects.
Entrance exams
Placement · 2025
Where graduates land
Placement rate
90%
Top recruiters
ROI That’s Hard to Beat
Total fee is ₹40,000 for the entire degree. That’s less than what many spend on a year of coaching. Paired with an average package of ₹15 LPA and recruiters like Goldman Sachs & Google, the return on investment is practically unmatched.
The verdict
Strong fit
If you genuinely love math and want a career that pays like tech but thinks like research, this is arguably India’s best-value PG program. The fees are almost symbolic, the placement sheet reads like a who’s-who of quant finance and tech, and the alumni network is legendary. The catch? The ISI Admission Test is brutal, so prep hard.
Matches what you said
- ✓ Massive ROI with minimal fees
- ✓ Quant finance, Big Tech & consulting careers
- ✓ Research-driven statistics & ML curriculum
Doesn't match
- ✗ Easy or backup-option entry
- ✗ Non-math academic background
- ✗ Expensive campus lifestyle expectations