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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

Mindfulness Training Tips Google, Nike, and Microsoft Use

by Derek Loosvelt  |  November 11, 2015

The alarm goes off at 7 a.m. and the first thing I think of is coffee. I get up, somewhat reluctantly, and as I make my way toward the coffee maker I spot my so-called smartphone plugged into the wall. Reflexively, I pick it up and check my personal email. I see this month's electric bill and my latest credit card bill. Didn't I just pay those? I wonder. Against my better judgment, I open both emails, and the prospect of more money going out as opposed to in causes a good deal of anxiety to... Read More >

Why Is Goldman Sachs Fast-Tracking Junior Bankers?

by Derek Loosvelt  |  November 09, 2015

About 16 months ago, I posted a blog entitled, An Open Letter to Wall Street Recruiters: What Junior Bankers Really Want. In it, I suggested that investment banks, in their efforts to better their offerings to entry-level employees, shouldn't focus on increasing salaries and bonuses as much as on increasing job responsibilities, including: More deal experience and better deal experience. More senior-level work (or at least higher-level work). More fast-track promotions. More internal... Read More >

Harvard Business School Links Sarcasm With Success

by Derek Loosvelt  |  November 04, 2015

Years ago, during a first-round on-campus interview with an investment bank, I was asked to tell a joke. Although I don't remember which joke I told, I remember receiving a slight laugh (I also remember receiving a second-round interview but not a third-round interview or a job offer). In any case, at the time, I merely assumed that my humor and personality were being tested; it never crossed my mind until coming across the results of this HBS study that, instead, perhaps my intelligence... Read More >

If You Work For a Hedge Fund, Now's the Time to Ask For a Raise

by Derek Loosvelt  |  October 28, 2015

Remember a few years back when it seemed like everyone and their mother's hedge fund manager were being busted for insider trading? Well, it turns out that what those folks were doing wasn't insider trading at all. Or, rather, it was, but back then it was illegal to trade on inside information, and now it's legal. That is, sort of legal, as long as you don't know it's insider trading and/or you don't take money for handing over an inside tip. Yes, it's all very confusing. But one thing is... Read More >

Are Humble CEOs More Successful?

by Derek Loosvelt  |  October 26, 2015

Although I've never come across a study measuring CEOs' success against their level of humility, I'd wager that there's a strong positive correlation between the two. And so, I'd wager that what this recent Wall Street Journal article points to is true: that braggart CEOs with big egos do not perform as well, nor do their staffs perform as well, as CEOs who've been schooled in the fine art of humility, and that, as a result, boards of companies are beginning to hire accordingly. Among... Read More >

How Your Mother's Advice Can Lead to a VC Job in Silicon Valley

by Derek Loosvelt  |  October 19, 2015

All too often, those who dole out interview advice emphasize memorizing the answers to certain questions (what are your strengths? weaknesses? tell me about a time when …) at the expense of making sure you come across as a human being, which is to say making sure you allow a genuine conversation to take place as opposed to simply repeating answers you learned by rote. Because if you just do that, you risk sounding like an unemployable robot. You also risk not getting a job with perhaps the... Read More >

Rihanna, Hillary, and JLaw: Hardworking Women of the Week

by Derek Loosvelt  |  October 14, 2015

Although there were many haters (in the comments section) of filmmaker and author Miranda July's New York Times piece on music icon Rihanna, I found it to be one of the better celebrity interviews I've come across in a long time. And what struck me most about the interview, along with the satirical approach July seemed to take when executing the all too often bland and formulaic celebrity Q&A, was the fact that Rihanna is likely working harder than all of us. And she sure doesn't sound... Read More >

Career and Life Advice from Glamsquad CEO and Gilt Co-Founder

by Derek Loosvelt  |  October 12, 2015

Alexandra Wilkis Wilson, the subject of the latest New York Times Corner Office column, is a Harvard graduate and former investment banker turned very successful entrepreneur. She co-founded the wildly successful online discount retailer Gilt, and is now on her second venture with Glamsquad, an app that sells beauty products. Wilkis Wilson never thought she'd become an entrepreneur, and so her rise in the start-up world can be seen as inspiration for anyone who wants to be an entrepreneur... Read More >

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 >

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