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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.

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All Posts by Derek Loosvelt

Where the Tech Jobs Are and Aren't

by Derek Loosvelt  |  September 30, 2015

The West Coast has Silicon Valley. The East Coast has Silicon Alley. So what would you call a tech hub on the Third Coast? The Silicon Freeway? Silicon Pot-holed Avenue? I ask because Amazon believes that Detroit-America's new favorite underdog-can become the next big technology hub. In fact, the company's moving several hundred jobs to the Motor City in the next year. Amazon, the online retailer, said it would establish a technology hub on several floors of the 150 W. Jefferson office... Read More >

Who Will Burn for Volkswagen's Dirty Diesel Deeds?

by Derek Loosvelt  |  September 23, 2015

I continue to follow the Volkswagen emission test cheating scandal with equal parts shock and disgust. I'm shocked and disgusted by how a supposed upstanding company like VW (at least, that's the image I had of the world's second largest automaker; perhaps I was brainwashed by one too many of its clever and quirky TV ads) could go to such lengths not to provide a better product but to cheat consumers and the world at large-pollution equal to that spewed from 90 coal plants annually? Are you... Read More >

50 Best Banking Firms to Work For

by Derek Loosvelt  |  September 08, 2015

Follow me on Twitter. Read More:Thanks to Goldman, Wall Street Work-Life Balance Is Better Than EverIs Wall Street Getting Less Diverse?WARNING: Working on Wall Street Kills Read More >

Is Wall Street Getting Less Diverse?

by Derek Loosvelt  |  September 02, 2015

Recently, I wrote about the improving work/life balance and work hours on Wall Street. To recap: based on Vault's latest Banking Survey of 3,000 investment banking professionals, respondents rated their work/life balance and satisfaction with respect to work hours much better than they did last year. In fact, nearly across the board, in 19 of 20 quality of life categories in which we asked bankers to rate their own firms, scores were higher this year versus last. However, when it came to... Read More >

What We Brag About When We Brag About Long Hours

by Derek Loosvelt  |  August 24, 2015

I have a friend who's a serial entrepreneur and whose latest entrepreneurial venture, his tenth or eleventh, has proven to be "the charm." Previously, he ran businesses in real estate, apparel, and hospitality; some of which did well, while others went bust quickly. But his latest, in health and wellness, has made him a millionaire. That is, now, for the first time in his career, he's earning north of $1 million a year. He's also enjoying his work more than ever (perhaps more than a little... Read More >

Thanks to Goldman, Wall Street Work-Life Balance Is Better Than Ever

by Derek Loosvelt  |  August 19, 2015

Due to a couple of recent high profile banker suicides that were apparently connected to brutal work schedules, you wouldn't think that working hours and work-life balance are getting better on Wall Street. However, according to the results of Vault's latest Banking Survey, that's exactly what's happening. And, in fact, now in investment banking, satisfaction with respect to work hours is at a five-year high, and work-life balance satisfaction is at an all-time high. Earlier this summer,... Read More >

The Problem with Netflix’s Parental Leave Policy

by Derek Loosvelt  |  August 05, 2015

Let's say you're a 30-year-old woman and you're 22 weeks pregnant with your first child. Now let's say you work for Netflix, which just announced a new maternity and paternity leave policy that allows new mothers and fathers alike the ability to take as much paid parental leave as they want during their child's first year of his or her life. And so, as that young woman, when push comes to push push push, and you're in the midst of deciding how much paid maternity leave to take, do you: a)... Read More >

How I Learned to Code and Start Making Six Figures

by Derek Loosvelt  |  July 29, 2015

There are two main schools of thought when it comes to technology's effects on our lives. One is that technology (and advances in technology) make our lives easier and perhaps better, giving us more information and more updated information, connecting us in ways we couldn't have dreamed of just a decade or two ago. The second is that our lives are run by technology, that we're nothing but slaves of and to technology-a bunch of smartphone addicts who can't help but binge on social media and... Read More >

Is the Constant Connection to Our Jobs Melting Our Children’s Minds?

by Derek Loosvelt  |  July 15, 2015

Here's a scene you can witness at any number of New York City restaurants any night of the week: A mother sits down with her two young kids, and before menus are brought out, the mother hands the kids matching iPads. The kids then proceed to play video games through their entire meal, looking up just once or twice from their respective screens, only to drink some water or fill their mouths with food they're too busy to taste. Meanwhile, during her meal, the mother has her face locked onto... Read More >

Pros and Cons of the Uberization of Work

by Derek Loosvelt  |  July 13, 2015

Today, nearly one in five jobs is performed by a part-time independent contractor or freelancer. That's a 60 percent rise versus the number of jobs that part-timers held 15 years ago. This change in how we work has sometimes been referred to as the "gig economy." And recently, it has also been referred to as the "Uberization" of the workplace, named after the ride sharing company Uber, which employs 4,000 full-timers and 156,000 part-timers-that is, only 2.5 percent of the people who rely... Read More >

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