Q: Can anyone speak to how MBB exits vary by office location? Will PE/VC firms in the northeast strongly prefer local candidates from northeast MBB offices, or is this irrelevant so long as your casework is related to the work these firms do?
In general the work you have done matters more than the location. However, location is still important because networking is key for a transition in PE or VC, given how competitive they are.
Incidentally, PE and VC are quite different exits. VC in particular is really a small industry and it really requires a ton of networking. I managed to transition to VC after consulting but it took me months of networking.
You can find more on networking and referrals at the link below (it is meant for consulting, but applies to other industries as well):
▶ How to Get Referrals for Your Application