I am debating between offers a top BB (GS/MS) at a regional European office (think Frankfurt/Paris) vs MBB (McK/Bain) at another smaller city. I am aiming for a PE exit in London at preferably one of the upper middle market funds (e.g. Bain Cap, Advent, EQT, H&F), but would not mind going to one of the traditional US MFs either (KKR and the likes).
My understanding is that the office matters more when working in IB compared to consulting, and I am afraid I might be at a disadvantage compared to my London banking peers. On the other hand, bankers traditionally place better in PE, so going for the regional BB might still be more optimal.
For the context, I have previous experience of interning at 2 of the MBBs, a solid EB in London (think PWP, Rothschild) and a lower middle market PE firm (not in London). Overall, I preferred consulting work and performed slightly better than in IB (but performance in solid in both)