Content Curator | Updated on - Mar 27, 2026

Master of Statistics [M.Stat.] at the Indian Statistical Institute (ISI), New Delhi, is a prestigious 2-year full-time postgraduate program at one of India's premier research institutions, recognized as an Institute of National Importance. The program provides rigorous training in statistical theory, probability, statistical inference, multivariate analysis, time series, and applied statistics, preparing students for careers in research, academia, data science, and industry. The total fees for the M.Stat. program are Rs. 40,000 for the complete 2-year duration, making it one of the most affordable and prestigious PG programs in India. Admission is through the ISI Admission Test, and the program has a seat intake of approximately 20-25 students per year. The M.Stat. from ISI is widely regarded as the gold standard for statistics education in India.

Admissions for M.Stat. 2026-27 at ISI New Delhi are currently open. The ISI Admission Test 2026 registration was open from February 12 to March 13, 2026. The exam is scheduled for May 10, 2026, with results expected by June 1, 2026. Interviews for shortlisted candidates will be conducted after the written test.

Key Points:

ISI is an Institute of National Importance, and the M.Stat. program is considered the most prestigious statistics PG program in India.
The total fees for the 2-year program are just Rs. 40,000, making it extremely affordable for a program of this caliber.
M.Stat. students receive a monthly stipend of Rs. 5,000 per month as per ISI policy.
The program has a strong focus on both theoretical and applied statistics, with exposure to real-world data analysis.
M.Stat. graduates from ISI are highly sought after by top companies, research institutions, and universities worldwide.

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FAQs

ISI New Delhi Latest Updates and News

17 Mar, 2026 ISI Admission Test 2026 registration has started for UG/PG admissions (except BSDS). Register by Mar 26, 2026 (extended). The exam is scheduled for May 10, 2026. Read More.

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ISI M.Stat. Fees

The M.Stat. program at ISI New Delhi is one of the most affordable PG programs in India, with a total fee of just Rs. 40,000 for the complete 2-year duration. Students also receive a monthly stipend of Rs. 5,000. The program is government-funded, making it highly accessible.

Fee Components

Fee Component	Amount (INR)
Tuition Fees (per year)	20,000
Other Charges (Library, Medical, etc.)	4,500 per year (approx.)
Total Fees (2 years, tuition only)	40,000
Monthly Stipend	5,000 per month
Hostel Fees (optional, per month)	11,000 (approx.)

The total tuition fee for the 2-year M.Stat. program is Rs. 40,000 (Rs. 20,000 per year).
Students receive a monthly stipend of Rs. 5,000 as per ISI policy.
Library fee (Rs. 1,500/year) and medical fee (Rs. 3,000/year) are additional charges.
Hostel accommodation is available at approximately Rs. 11,000 per month (includes meals).
Fee waiver is available for students from economically weaker sections based on family income.

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ISI M.Stat. Admission 2026

Admissions to M.Stat. at ISI New Delhi are through the ISI Admission Test (written test) followed by an interview. The process is highly competitive, with hundreds of applicants for approximately 20-25 seats. The 2026-27 admission process is currently underway.

ISI M.Stat. Admission Dates

Event	Dates
ISI Admission Test Registration (M.Stat.)	Feb 12 - Mar 13, 2026
ISI Admission Test Admit Card	May 1, 2026
ISI Admission Test (Written)	May 10, 2026
Result/Shortlist for Interview (Tentative)	Jun 1, 2026
Interview for M.Stat. Candidates (Tentative)	Jun - Jul 2026
Commencement of M.Stat. Program (Tentative)	Aug/Sep 2026

Entrance Exam Details

Exam	Conducting Body	Relevance
ISI Admission Test (PMS - M.Stat.)	Indian Statistical Institute	Primary exam for M.Stat. admission at ISI

The dates mentioned above are tentative and subject to change.

Eligibility Criteria:

Candidates must have a Bachelor's degree in Statistics, Mathematics, or a related quantitative field from a recognized university.
BE/B.Tech graduates with strong mathematical backgrounds may also be eligible.
Qualifying in the ISI Admission Test (written) and subsequent interview is mandatory.

Admission Process:

Register for the ISI Admission Test 2026 at isical.ac.in (registration closed March 13, 2026).
Appear for the ISI Admission Test (written) on May 10, 2026.
Shortlisted candidates are called for an interview at ISI New Delhi.
Final selection is based on combined performance in the written test and interview.
Selected candidates are offered admission with monthly stipend.

ISI New Delhi: Students' Opinion

AI-Generated Summary based on 14 Reviews

Admission to the Indian Statistical Institute (ISI) is merit-based, involving a written entrance exam and an interview. Candidates must hold a relevant degree, such as B.Tech, Mathematics, or Statistics. ISI admits a limited number of students based on exam performance, interviews, and Bachelor's degree scores. The Delhi campus has a faculty of about 7 Ph.D.-holding professors for a cohort of 70 Master's in Statistics students, ensuring personalized attention and engagement in research.

The Master's program fee is INR 20,000 per year, totaling INR 40,000, making it affordable, especially for middle-class students, and is considered a worthwhile investment due to excellent job prospects. The placement cell, comprising one faculty member and three students, facilitates job opportunities with companies like American Express, Cognizant, and Bank of America. Graduates often receive high-paying job offers, and while some pursue PhDs, others find roles in consultancy, research, and data analysis.

PhD students are eligible for fellowships, and students from ST, SC, and OBC categories may receive fee relaxations with the appropriate documentation. Tuition fees amount to 1 lakh per semester, with additional costs including library and medical fees. Hostel accommodation is 11,000 rupees per month. Fee waivers may be available based on family income, though scholarships are not currently offered.

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ISI M.Stat. Scholarships 2026

M.Stat. students at ISI New Delhi receive a monthly stipend and may also be eligible for fee waivers. The program is government-funded, making it highly affordable.

Scholarship Details

Scholarship/Support	Eligibility	Amount
ISI Monthly Stipend	All M.Stat. students	Rs. 5,000 per month
Fee Waiver	Students from economically weaker sections (family income criteria)	Partial/full tuition fee waiver
CSIR-JRF (for Ph.D. continuation)	Students qualifying CSIR-NET JRF after M.Stat.	Rs. 37,000 per month

The monthly stipend of Rs. 5,000 is provided to all M.Stat. students as per ISI policy.
Fee waiver is available based on family income; students should apply at the time of admission.
M.Stat. graduates who qualify CSIR-NET JRF can directly pursue Ph.D. at ISI with full fellowship.

ISI M.Stat. FAQs

Ques. What is the difference between M.Stat. at ISI Delhi and ISI Kolkata?

Ans. The M.Stat. program is offered at both ISI Delhi and ISI Kolkata. The curriculum is similar, but ISI Kolkata is the main campus with a larger faculty and more research groups. ISI Delhi has a stronger focus on economics and social statistics due to its location in the national capital. The admission process is common (same ISI Admission Test), and students can choose their preferred campus during the application process.

Ques. What is the fee for M.Stat. at ISI New Delhi? Is it really just Rs. 40,000 for 2 years?

Ans. Yes, the total tuition fee for the 2-year M.Stat. program at ISI New Delhi is just Rs. 40,000 (Rs. 20,000 per year). This is because ISI is a government-funded Institute of National Importance. Students also receive a monthly stipend of Rs. 5,000. Additional charges include library fee (Rs. 1,500/year) and medical fee (Rs. 3,000/year). Hostel accommodation is available at approximately Rs. 11,000 per month.

Ques. What are the career options after M.Stat. from ISI New Delhi?

Ans. M.Stat. graduates from ISI New Delhi are highly sought after by top companies (Google, Microsoft, Amazon, Goldman Sachs, McKinsey), research institutions (CSIR, ISRO, RBI), and universities. Common job roles include data scientist, statistician, quantitative analyst, and research scientist. Many graduates also pursue Ph.D. at ISI or top international universities. The average starting salary for M.Stat. graduates is Rs. 15-25 LPA.

Ques. How difficult is the ISI Admission Test for M.Stat.?

Ans. The ISI Admission Test for M.Stat. is considered one of the most challenging entrance exams in India. It tests deep knowledge of probability, statistics, real analysis, and linear algebra. The exam has two papers: Paper I (objective) and Paper II (subjective). Students should study from standard textbooks like Hogg-McKean-Craig (Introduction to Mathematical Statistics) and Casella-Berger (Statistical Inference). Previous year question papers are available on the ISI website.

Ques. Can engineering graduates apply for M.Stat. at ISI New Delhi?

Ans. Yes, BE/B.Tech graduates with strong mathematical backgrounds are eligible to apply for M.Stat. at ISI New Delhi. The ISI Admission Test is the primary filter, and engineering graduates who can demonstrate strong knowledge of probability, statistics, and mathematics are eligible for consideration. Many engineering graduates from IITs and NITs have successfully cleared the ISI Admission Test and joined the M.Stat. program.

Ques. Is there a hostel facility at ISI New Delhi for M.Stat. students?

Ans. Yes, ISI New Delhi provides hostel accommodation for M.Stat. students. The hostel fee is approximately Rs. 11,000 per month, which includes meals. The hostel is located on the ISI campus, providing a safe and conducive environment for studies. Students should apply for hostel accommodation at the time of admission, as seats are limited.

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The course is of 2 years and fees are very well divided. The fee of the college is feasible and easily affordable. It is quite worthy because of the facilities provides are outstanding. The fee for 2 years is Rs 40,000.

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