FWIW, more than one of my professors basically told me that if you have any interest in a reasonable post-PhD job, it's top 10 or bust. One of them even straight told up if I didn't get into a top 10 school, I shouldn't go to any lower ranked school; I should work on my CV, rather than trying to make a career out of a [redacted] PhD.
That prof is somewhat of a drama llama, but tbh, looking at placements/PSR, he doesn't seem that wrong. Even at the ~15 level, placements start looking worse. I applied to [redacted] because a prof there asked me to, but I'm... not sure I'll go if admitted.