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Emergency room locations need to be close by so the ambulance can get there in time.
ER is actually very location-specific as a large part of the role of analysts is to be in close contact with management. This is why energy analysts will typically be in Houston or Calgary, tech analysts and cleantech in LA, and banking in New York.
In terms of exit opps, your industry group (as well as that group's relative competitiveness in your specific industry) will be a bigger determining factor. Comp may vary with location and will typically be higher in places like NY due to cost-of-living adjustments. However, certain sectors also command a premium due to specialized skills and experience requirements as well as deal-flow. For example, energy and mining analysts in Canada are currently commanding quite a significant premium, though mining (precious metals especially) has only relatively recently achieved that kind of status.
A lot easier to market when you can walk across the street instead of having to fly out all the time. I can tell you traveling to Principal sucks. My senior has like 6 different "I love corn" magnets on his desk from traveling there so much.
does not matter as much at the junior level
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