As an undergraduate in the admissions process for a PhD program, should I disclose my status as a finalist for a separate and prestigious fellowship that would fund a Master's program? (I have already completed my applications, so any disclosure would occur after having been made an offer by a PhD program.)
If so, when is the appropriate and responsible time to disclose this information?
Importantly, if I were to receive the MA fellowship, I would certainly accept due to its prestige.
My concerns are twofold:
1) I do not wish to lessen my bargaining power by disclosing this information too early in the admissions process (i.e. during negotiations over PhD funding or prior to an official offer).
2) I do not wish to provoke the ire of admissions boards and department faculties by withholding this information until too far into the admissions process. Particularly because I intend to complete my PhD after the MA program, should I happen to be awarded the fellowship.
In terms of a timeline, notification for MA fellowship recipients will be made between March and late April. Most PhD programs expect a decision notification in April.