What do you do if you love econ, are passionate about teaching and research, can't think of doing anything else with your life, but can't get into a good program? My undergrad GPA is average (3.5) and GRE is not stellar (163Q, 158V) . I start a one-year masters soon but I'm sure I'm not going to finish top of the class there as well. Also, I'm not an American citizen. I'm sure I can get good recos and probably manage to get somewhere in top 50-70. But is there a point? A lot of people tell me there isn't. Do these places produce any good research at all?
Does someone from a college that's ranked 50 have any shot at getting a decent academic job? What about industry? Will I be screwed if I hold a PhD from a college not well known, considering that I won't be able to get a job as a professor easily and I'll be over-qualified for most jobs in industry? Will I at least be able work at a community college or something somewhere in the USA (keep in mind I'm not American)?