Fields medal
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The Fields Medal is a prestigious prize given every four years to mathematicians under 40 years old who have made outstanding contributions to mathematics. It matters because it's one of the highest honors in mathematics, often compared to the Nobel Prize, and recognizes exceptional mathematical talent and achievement among younger researchers.
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The Fields Medal is a prize awarded to two, three, or four mathematicians under 40 years of age at the International Congress of the International Mathematical Union (IMU), a convention which takes place every four years. The name of the award honors the Canadian mathematician John Charles Fields. Its purpose is to give recognition and support to younger mathematical researchers who have made major contributions to the field of mathematics.
The Fields Medal is regarded as one of the highest honors a mathematician can receive, according to the annual Academic Excellence Survey by ARWU, and has been described as the Nobel Prize of Mathematics. In another reputation survey conducted by IREG in 2013–14, the Fields Medal came closely after the Abel Prize as the second most prestigious international award in mathematics.