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Topics - meh

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I am currently a 1L at UPitt.  I'm from the NJ area, but decided on Pitt because of the opportunity to do a JD/MBA with Carnegie-Mellon, which is ranked around 16 for business.  If I don't get into this program, I would like to transfer back to a school closer to home, either in the NY or NJ area.  I plan on putting transfer applications to the top schools in the area, but also want to put transfer applications to Seton Hall (70) and Rutgers-Newark (80).  Is it a bad idea to transfer down in the rankings?  I definitely want to work in either NY or NJ, and wouldn't mind working for a smaller firm in either state. 

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