In 2012, Iskandaryan was inducted into the FILA Hall of Fame as the sole Greco-Roman inductee.

[1] Mnatsakan Iskandaryan started Greco-Roman wrestling in 1978 under the guidance of Koryun Movsesian.

In that same year, he won a gold medal at the Wrestling World Cup team competition.

Ranked as the number one wrestler in his division for the past few years, Iskandaryan entered the 1992 Summer Olympics as the gold medal favorite.

Although Iskandaryan's home of Armenia was now independent, all of the former Soviet Olympians still competed together at the 1992 Olympic Games in Barcelona, under the Unified Team.