sciencenerd
Thanks for the advice everyone.
Is there anything I can do to rectify the problem with my GPA?
Should I do a Masters?
Am I limited to 50-100 ranked schools only now?
Somewhere down your working years (I'm assuming you won't be applying to b-schools until 3 or 4 years later), you should think about building an alternative transcript. Masters won't really help here much because adcoms know how inflated Masters' GPAs are. Your undergrad GPA is set in stone now and there's really nothing else you can do anymore to erase that mark. By taking some courses via some reputable online courses (UCLA extension comes to mind) and acing them, it shows the adcoms that you may just be immature in college (or for whatever reason) and that you're able to do the work. Your GMAT score will be the utmost importance here as well. The best way to remedy a 2.6 is with a killer GMAT score. If you want to aim for a top 20 b-school, think nothing less than a 720 or better on your GMAT. This is easier said than done. There are a ton of resources here at GC that can help with GMAT but you'll still need to put in the time.
In terms of job, I fully agree with Jerz that you should find something that you enjoy. Don't let your degree limit your possibility. Look at boutique consulting companies, pharma/biotech companies, or anything else that may interest you. I graduated with a biology degree and decided business school is the route. I ended up working in the operations department at a global pharma (albeit I was lucky because I was at the right location at the right time).