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

Are JPMorgan and Goldman Sachs Transitioning from Banks to Tech Firms?

by Derek Loosvelt  |  February 28, 2017

I admit I was a little suspect when, a while back, Goldman Sachs CEO Lloyd Blankfein said that Goldman was really a tech firm, not a bank. But more recently, with Goldman's roll out of Marcus, among other ventures, I've been warming up to the idea as Goldman the tech firm. And it seems that Goldman isn't alone when it comes to Wall Street banks transitioning into technology institutions. JPMorgan i Read More >

Answering the ‘What's Your Passion?’ Interview Question When You Have No Passions

by Derek Loosvelt  |  February 21, 2017

In the past week, on three separate occasions, I've overheard someone ask, "How do I answer that interview question about what my passions are if I don't even know what I'm passionate about?" And so, here, I'd like to offer a few thoughts on what appears to be a common issue when it comes to interviewing.  Why do interviewers ask about your passions?  First, I think it's important to back up for a minute and ask why interviewers often pose this question to job candidates. The way I see... Read More >

Will the Geeks Inherit Wall Street?

by Derek Loosvelt  |  February 15, 2017

I remember there was this ridiculously smart guy I went to college with who, in some circles, might qualify as a "geek." This guy was a math whiz, computer whiz, a bit socially awkward, and had the pencil-thin physique of Waldo. This guy was not derided or bullied or ignored but, in fact, widely accepted and celebrated by the so-called jocks and popular crowd, in part because he could create bouncer-proof fake IDs in a matter of minutes, using nothing but a laptop and laser printer, as well... Read More >

Do Immigrant Workers Help or Hurt the U.S. Economy?

by Derek Loosvelt  |  February 14, 2017

President's Trump immigration ban has shed a lot of light on the part immigrants play and have played at U.S. companies. Most vocally, Silicon Valley firms have spoken out against the ban, noting that the technology industry is filled with immigrants, many of whom would be adversely affected under the president's ban (if it were to be reinstated). But, setting aside fairness and justice, what's the true economic impact of immigrant workers Read More >

Why You Shouldn't Even Tell White Lies in Interviews

by Derek Loosvelt  |  February 13, 2017

One way to stumble in an interview is to lie. And often, we don't intend to lie in interviews but find ourselves doing it almost reflexively, answering a question how we think it should be answered as opposed to how we'd answer it if we were being 100 percent honest. The truth is, it's very likely that your interviewer can smell even the whitest of lies from several cubicles away, so it's always best to give an honest answer, even if you think it might not be the one your interviewer is... Read More >

Will Wall Street Careers Rise or Fall in Prestige Under Trump?

by Derek Loosvelt  |  February 08, 2017

In 2008, when the subprime mortgage-backed securities hit the fan, Wall Street firms faced financial disaster as well as a PR nightmare. In the wake of the Great Recession, many Wall Street banks suffered losses in the billions, some banks went under or were fire-sold to competitors, and the firms that Read More >

4 Things to Do for Black History Month on Your Daily Commute

by Derek Loosvelt  |  February 06, 2017

Black History Month rarely gets the attention it deserves. Too often, February comes and goes without companies and their employees spending much, if any, time celebrating this essential piece of America's history. And so, to take matters into your own hands, below I offer a place to start when it comes to venturing out on your own to school yourself in this often harrowing but ultimately enlightening part of U.S. history. As a side note, I promise that if you do "do" the below, you'll not... Read More >

In Uber Bowl, Employees Crush CEO

by Derek Loosvelt  |  February 03, 2017

The first ever Uber Bowl was a heated contest that came down to the wire, and, in the end, the Uber employees prevailed over Uber CEO Travis Kalanick. The first quarter began with a fumble, when Kalanick gambled with a long pass on a blown coverage, but the ball was dropped (the firm sent out what appeared to be an insensitive Read More >

How Trump's Immigration Ban Affects Universities and Students

by Derek Loosvelt  |  January 31, 2017

Today there are more than 16,000 students studying in the U.S. who are citizens of one of the seven countries named in President Trump's immigration order. A majority, some 12,000, are in graduate school. And it's a safe bet that most of these undergrad and grad students, if not all of them, are incredibly anxious about their futures thanks to the ban. To fully understand just how anxious, I urge you to read the executive order in its entir Read More >

10 Job Search Tips for International Students for 2017

by Derek Loosvelt  |  January 30, 2017

As 2017 began and a new administration took over in Washington, D.C., many international students were understandably anxious about their job prospects. Then, this past Friday, President Trump's executive order on immigration made an already tense situation for these students even more uncertain.  And so, to shed some light on the steps international students can be taking now to achieve their ultimate job search goals, Vault again reached out to inter Read More >

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