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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

Why Wall Street Loves Military Veterans

by Derek Loosvelt  |  August 28, 2014

Although work-life balance is getting better on Wall Street, entry-level investment banking positions are still incredibly grueling. Working 100 hours a week for several weeks in a row is not uncommon. Nor is feeling immense pressure to turn something around in a matter of hours that could cost your firm millions of dollars. And many senior bankers think nothing of screaming until their faces nearly fall off to get their points across. Indeed, working on Wall Street isn't for sissies. And... Read More >

An Open Letter to Wall Street Recruiters: What Junior Bankers Really Want

by Derek Loosvelt  |  August 27, 2014

Dear Wall Street Recruiters,  I would first like to say that I do very much applaud you for making an effort: those "protected weekend" policies were a nice touch (and the least you could do in light of what happened last summer) and the 20 percent salary hikes just announced will not go unappreciated. However, if you really are, like so many financial journalists and bloggers, including this one, have pointed out, attempting to compete for America's most excellent sheep with the Googles... Read More >

Have Wall Street’s Gay and Female Diversity Policies Gone Too Far or Not Far Enough?

by Derek Loosvelt  |  August 19, 2014

Although Wall Street is still considered, in some corner cubicles, to be an "old school," "Waspy," "predominantly Caucasian male-dominated" industry filled with "ex-Ivy Leaguers," it has slowly been growing more diverse with respect to gender, race, and sexual identity. In fact, in the past five years, the industry has gone from not wanting to even talk about diversity issues to downright blasting them over loudspeakers. And if Vault's latest Banking Survey results are any indication, Wall... Read More >

Goldman Sachs’ ‘Protected Saturday’ Policy Might Be Working After All

by Derek Loosvelt  |  August 14, 2014

Last fall, in the wake of Goldman Sachs' announcement of its new policy preventing young bankers from working on Saturdays (unless working on a live transaction), I wrote about Why Goldman Sachs' New Saturdays-Off Policy Won't Work. Now, some nine months later, after several other banks have followed Goldman's suit and enacted their own "Protected Saturday" policies, I'm happy to report that I might've spoken too soon. As the results of Vault's latest Banking Survey show, these new policies... Read More >

Are Boutiques Replacing the Bulge Bracket as Most Prestigious on the Street?

by Derek Loosvelt  |  July 23, 2014

Long before the subprime mortgage-backed securities hit the fan, a handful of relatively small investment banking firms, often referred to as boutiques, regularly competed with the likes of Goldman Sachs and Morgan Stanley for talent. There was Stephen Schwarzman's Blackstone Group, perhaps best known for its private equity offerings, although for decades its advisory unit has been well known for winning big deals and recruiting top-tier talent from top-tier schools. There was Lazard, now... Read More >

Silicon Valley vs. Silicon Alley: Where Are Salaries Higher?

by Derek Loosvelt  |  July 15, 2014

The East Coast-West Coast rivalry continues.If you're looking for work in the so-called STEM sector and judge jobs by their salaries, Bloomberg has put together several nice charts that show you where tech compensation has grown fastest since 2008. But if you're not a visual person, here's what you need to know when it comes to cash: Seattle > San Francisco > Washington, D.C. > New York. Also, when it comes to salaries and the specific professions that make up STEM, Computer &... Read More >

22 Strange But True Interview Questions That Wall Street Firms Ask

by Derek Loosvelt  |  July 08, 2014

You've done your research on the firm you're applying to. You know your resume up and down. You're prepared to pepper your interviewer with your strengths, your weaknesses, an example of a time you led a team, an example of a time you had to overcome an obstacle, a detailed description of a DCF model, your view on the current state of the stock market, and your take on the Fed's current interest rate policy. Perhaps you've also prepared to speak about the recent financial crisis and the... Read More >

Tinder Sexual Harassment Suit Sheds (More) Light on Silicon Valley's Chauvinistic Culture

by Derek Loosvelt  |  July 03, 2014

Your top career-related news of the week: Tinder's misogynistic side.It's not exactly news that Silicon Valley is about as female friendly as a Wall Street trading floor. But a sexual harassment suit brought by a former Tinder executive is shedding a ton of fluorescent light onto the extent of the chauvinism and misogyny that occurs behind start-up closed doors (and on tech firm employees' Instagram accounts). "Whitney Wolfe, the former vice-president of marketing for the dating app, said... Read More >

President Obama Talks Work-Life Balance With CEOs of Goldman Sachs and Shake Shack

by Derek Loosvelt  |  June 25, 2014

This past Monday, at 1600 Pennsylvania Avenue in Washington, D.C., President Obama met with several big swinging CEOs in a roundtable discussion to talk about ways to make the American workplace better for working families. The discussion was part of the first annual White House Summit on Working Families, and among the roundtable participants in attendance were Shake Shack's Randy Garutti, Johnson & Johnson's Alex Gorsky, PwC's Bob Moritz, and Goldman Sachs' Lloyd Blankfein. Obama,... Read More >

Where the Jobs Are in Solar and Wind Energy

by Derek Loosvelt  |  June 24, 2014

Although the Captivate elevator news service typically flashes useless facts like how long Kanye West and Kim Kardashian spent editing their wedding photo they later Instagrammed (four days), every once in a while it will offer up an interesting, important piece of news. Recently, I came across this brow-raising headline somewhere in between the thirteenth and seventeenth floors: "Germany now gets 50 percent of its electricity from solar energy." Which seemed almost too incredible to be... Read More >

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