• C++ Programming for Financial Engineering
    Highly recommended by thousands of MFE students. Covers essential C++ topics with applications to financial engineering. Learn more Join!
    Python for Finance with Intro to Data Science
    Gain practical understanding of Python to read, understand, and write professional Python code for your first day on the job. Learn more Join!
    An Intuition-Based Options Primer for FE
    Ideal for entry level positions interviews and graduate studies, specializing in options trading arbitrage and options valuation models. Learn more Join!

Send acceptance to more than one university?

What are the written/unwritten rules for accepting a spot at more than one school for now, I don't have to pay a deposit or anything yet.
The issue is whether you are accepting and then reneging on an offer from a program where you would be paying all the tuition yourself, vs. a program where the institution is offering you a fellowship, assistantship, and/or tuition waiver.

In the former case, where you are paying the tuition out of your own pocket, you can (technically) do whatever you want with no consequences.

In the latter case, if you have accepted a "funded" offer before April 15th, you can rescind your acceptance up until April 15th and accept admission to a different program (likely, one which has offered you admission later, after their "more desirable" candidates have turned them down in favor of more prestigious institutions.)

If as of close of business on April 15th you have accepted (and not rescinded) an offer which includes financial aid from one of the institutions whose name appears on this list:


then you are not allowed to renege on your commitment to that institution to accept a late admission offer at another institution unless the first institution agrees, in writing, to release you from your commitment.

Of course, since most MFE programs are structured in such a way that you pay everything yourself, this situation doesn't apply (it's mainly oriented toward Ph.D. programs which offer a multi-year fully-funded arrangement to the "top" candidates on their list.)

That game of "musical chairs"


stops on April 15th, so be careful where you choose to sit.
People renege on academic courses all the time. You owe them nothing, and they expect a certain % of students to renege anyway.
Dropping a course is very different than dropping a program. No one cares if you say "I want to take DiffEqs next semester rather than now." However, if you tell a school that you are attending their program, then reneg on that, it makes you look unstable and untrustworthy, not to mention that the world of finance is a small one where everyone knows everyone else. This could very easily come back to bite you. Of course, I also think it is unethical. So whether you're looking at it from a personal perspective or from an ethical perspective, I think it is just something you should not do.