Renege BB SA for MBB

A couple months ago I accepted an SA offer at a BB, but I'm not sure if the industry is right for me. I'm considering applying for summer internships at MBB but I'm unsure of the consequences of reneging should I be lucky enough to get an offer. Would I need to tell the MBB before interviewing that I have another offer? Besides not being able to work at the BB for the foreseeable future, are there any other consequences I should know about?

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