Is there a way to set output location to "Source Location" for each clip?

Hello, I'm trying to transcode proxies for some red raw clips, and I'd like each of the proxies to live in the individual Red Raw clip folders. If I try and batch export all the clips from Premiere to make these transcodes, Media Encoder is trying to send all these output files to a single specific folder. I can't find any way to tell Media Encoder to just transcode each clip to the "Source folder", IE the clip folders they are coming from. 

Obviously I could go to each clip and specify the output destination one at a time, but with hundreds of clips in my project, this seems less than ideal 🙂 

Is there a way to do this? 

Thanks!