Subscribe to Derek Loosvelt's Vault Blog RSS Feed.

Derek Loosvelt

Derek Loosvelt is Vault's senior finance editor. Derek has a BS in economics from the Wharton School at the University of Pennsylvania and an MFA in creative writing from the New School. His writing has appeared in several online and print publications. Previously, he worked in investment banking as an M&A analyst and associate.


Contact Derek Here


All Posts by Derek Loosvelt

The One Job Robots Can’t Do (Yet)

by Derek Loosvelt  |  May 21, 2015

"The robots are coming! The robots are coming!" This is more or less the thesis statement of Martin Ford's latest book, The Rise of the Robots: Technology and the Threat of a Jobless Future. According to Ford, who is the founder of a Silicon Valley software development firm and an author of a previous book about robots in the workplace, there's almost no job that a machine can't do these days, thanks to incredible advances in artificial intelligence. What Ford describes, and what other... Read More >

What Will Your Career Look Like When You Retire?

by Derek Loosvelt  |  May 21, 2015

One of the reasons David Letterman gave for his retirement from late-night television was his inability to create the type of viral YouTube videos that his younger competitors (Jimmy Fallon, Jimmy Kimmel) have been doing to great success for years. So perhaps it's fitting that one of the best segments of Letterman's final episode was the below music video of sorts that incorporates clips and stills from Dave's 33-year career. It's a video bound to be watched again, and again, and again. And... Read More >

Forget Goldman and McKinsey, Take a Gap Year Instead

by Derek Loosvelt  |  May 20, 2015

Australians and Europeans have been taking them for decades, and now the practice of taking gap years-ditching the workforce or school for a short time and instead living and working abroad-is catching on in the U.S. And studies show that it might in fact help academic and job performance. Many academic experts argue that a gap year improves students' performance later on, makes them more mature and more independent. A study at Middlebury College in Vermont found that its students who had... Read More >

Wall Street’s Return: Wonderful or Frightful?

by Derek Loosvelt  |  May 18, 2015

It's official: Wall Street's back. That is, the banking industry is just about back to where it was before the financial crisis of 2008 with respect to both profits and staffing. And so, depending on where you stand, the Return of Wall Street is either a sugary sequel to a superhero blockbuster, or a gory sequel to a frightening slasher flick. Masters of the Universe Chances are if you're about to embark on a career in finance, or are a seasoned securities professional, or are an Upper... Read More >

57-Year-Old Proves It’s Never Too Late to Work for a Start-up

by Derek Loosvelt  |  May 18, 2015

Not all start-up employees are unshaven twenty-somethings who wear T-Shirts, sneakers, and jeans to the office. In fact, some are unshaven fifty-somethings who wear T-shirts, sneakers, and jeans to the office. One such employee is Jerry Weiss, a former Citi and JPMorgan Chase banker who, at 57, is by far the oldest-and most experienced-employee of a New York-based start-up called Bond Street. Through three decades, Jerry Weiss wore coats and ties to the offices where he managed credit... Read More >

9 Tips for Breaking Into Advertising

by Derek Loosvelt  |  May 13, 2015

The final episode of the final season of AMC's Mad Men airs this Sunday night. And if you've been watching Matthew Weiner's masterful series during its seven-season run, you've seen, among other things, all of the following: the show's central ad man Don Draper nailing numerous ad pitches; up and coming ad woman Peggy Olson coming up with numerous ad slogans; slick salesman Pete Campbell expertly schmoozing numerous top clients; and carefree and full bearded art director Stan Rizzo... Read More >

In Interviews, Heart and Brains Beats Experience

by Derek Loosvelt  |  May 11, 2015

One of JetBlue Chairman Joel Peterson's guiding principles when it comes to hiring has been looking for heart and brains, at the expense of work experience. Peterson, who is also a former CEO of real estate giant Trammell Crow and who has taught for several years at Stanford Business School, is the subject of the latest New York Times Corner Office column. Here's Peterson expanding on his hiring principles: At Trammell, we used to say we hire for brains and heart, and we'll give them... Read More >

Q&A With a Working Mother on Wall Street

by Derek Loosvelt  |  May 06, 2015

Hilani Kerr is the head of global foreign exchange product sales at Bank of America Merrill Lynch. During her two-decade career, she has worked in Europe, Asia, Australia, and, for the past three years, in New York. In addition to her busy work schedule, she and her husband are raising two daughters-an 11-year old and an eight-year old. I recently spoke to Kerr about how she balances her home life with her work life. Below is an excerpt from that conversation. VAULT: What does a typical... Read More >

Which Font Is the Best for Your Resume?

by Derek Loosvelt  |  May 04, 2015

I'll give you a hint: it's not Comic Sans, it's not Times New Roman, and, as far as I know, it's the only font that's been the subject of a feature-length documentary film. Yes, Helvetica. Or should I say, Helvetica Yes! In any case, according to Bloomberg, "which asked three typography wonks which typefaces make a curriculum vitae look classiest," here's why the font is so well suited for your resume: "Helvetica is so no-fuss, it doesn't really lean in one direction or another. It feels... Read More >

Is Detroit the Coolest City to Work In?

by Derek Loosvelt  |  April 29, 2015

Detroit might not be the safest city, and it's certainly not the richest (in fact, it's the poorest), but it could very well be the coolest city to live and work in right now. Given that young people and creative people and especially young creative people have been largely priced out of New York, that the Bay Area is basically unaffordable for just about anyone who doesn't have a fair number of stock options, that Portland is overrun with unemployed mixologists, that Austin is still at... Read More >

Select Page:

Career Update Newsletter

Tips and tools to help you manage your ideal career.