Negotiating offers across rounds - do schools alert each other?

Correct.
Even if they did check with school number two, why would the school number two disclose it?

PS. I would not cook the letter though. These things have a way of catching up. And admissions Director from school number two might’ve moved to school number three 😂

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­gritandgrace  How I see it - till you deposit the confirmation fee by the time allocated to you by the school, you are free to explore options as you please without being answerable to anyone. The schools don't engage in this kind of background check unless a school has a binding clause that the candidate will accept the seat once admitted (some schools have this in early rounds). You should not worry about your R2 offer getting rescinded.

Regarding the negotiations you are currently engaged in, it's alright as long as you are polite and understanding of the fact that schools have strict budgets to work with and can only offer so much to late-round applicants. If someone were that serious about the school anyway, according to the schools, they would have applied earlier. R3 admits are "good to have" in the class, but schools know how much they can really stretch.

Best wishes
Aanchal Sahni (INSEAD MBA alumna, former INSEAD MBA admissions interviewer)
Founder, MBAGuideConsulting 
LinkedIn |WEBSITE: https://mbaguideconsulting.com/| Message(WA): +91 9971200927| email- [email protected]­
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­bb it's not a cooked letter - I really do have the scholarship from the R2 school. But MBAGuide, I did already put down a deposit because the R2 deposit deadline came before my R3 decision. That's why I'm a little worried about disclosing it to my R3 school!

Sorry . I was not accusing you or implying that anything. It’s more of a warning to some creative minds.

PS. Some people pay deposits to multiple schools. That’s not against the rules…

A school is not like a boyfriend or a girlfriend who is about to find out that you’re going to dump them and they will dump you first. This is a horrible analogy but I’m sort of proud for coming up with it 😇

What people have done is approach a school about a scholarship, get a scholarship, approach another school about getting a scholarship based on the first scholarship, and then go back to the first school and ask for more scholarship based on the second scholarship which they received based on the first scholarship after all…. The cycle ends at some point but there are some crazy stories

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