If you are using dbpoweramp try the following.
After Folder --> The actual drive and folder location you want to write the transcoded files too
After Dynamic -->[iFCOMP][iFVALUE]album artist,[album artist],Various Artists[]\[album]\[track][artist][][iF!COMP][iFVALUE]album artist,[album artist],[artist][]\[album]\[track] [artist][] - [title]
That should put everything in folders by artist and then album name under artist. It will also group compilation albums under the "Various Artists" folder.