I wasnt on a journal and my school is just outside the top 20 and I havent had problems in the job department, not even in a big city.
You may have a hard time finding a job depending on where you transfered from though. A student from a T3/4 is of little desire to many firms. Regardless of where you are attending now (I am assuming it is out of the T14 or you would have said), you are basically still a top student from a t3 or 4. There is no way for them to judge how you really perform. All is not lost though, try an even smaller market, then try OCI again your third year. If nothing comes then, as it is certainly harder, clerk and then go to work at a big firm.
My advice comes from speaking with transfer students at my school who were screwed in OCI.