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<p>Being dismissed from your job is not the only risk.</p>
<p>You might not be hired at all for a job which otherwise does not care whether you went to UM-F versus UM-AA (or have an MBA at all), but where the manager or HR refuses to hire you because of the perceived attempted deception that was discovered in the hiring process.</p>
<p>And if you do get hired, a manager who sees that as a reason to trust you less may give you less desirable job assignments etc…</p>