Ask your career services office. Explain your situation. Only way to know for sure.

When a plumber from Hoboken tells you he has a good feeling about a reverse iron condor spread on the Japanese Yen, you really have no choice. If you don’t do it to him, somebody else surely will. -Eddie B.
 

I'm certain that if the company in question reaches out to the career center after you reneg you can/will be punished just as if this were an OCR position. I have no idea however whether or not they will reach out.

 
Best Response

Yeah man. I worked for the career services centre during college years.

Whenever you are given an offer (even before you take it) the company will reach out to the school (especially if it's a big investment bank, big 4, a company that has connections with your school) and give the school a list of people they gave offers to.

So technically the career services centre has a list of people that are given offers and who has taken the offers.

If it is a company that is unknown to them for example like a small boutique investment bank- then you don't have a problem because the school doesn't have a designated HR contact there, also it's not the school's problem cause they're more interested in the JP's and Goldman's etc (where they DO have a designated HR person they keep in contact with)

And a bunch of people who reneged these companies usually gets called, yelled at by the head career services and blocked from the career services job website ( I don't know for how long, maybe a year?) - and maybe with the company they reneged itself.

However, a bunch of these people also went on to take other offers in other companies- they weren't black listed in other companies.

 

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