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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

Jon Stewart's Exit Interview

by Derek Loosvelt  |  February 25, 2015

Last Thursday night at Joe's Pub in New York, Jon Stewart appeared on the live talk show Employee of the Month. The show is also a regular podcast and is hosted by Catie Lazarus, who put Stewart through a 45-minute exit interview of sorts. During the interview, Lazarus asked Stewart about why he's leaving The Daily Show, what he'll miss about his 16-plus years with Comedy Central, what he's planning to do next, why he wasn't a very good employee in jobs other than TV show host (such as... Read More >

Where the Jobs Are in New York (Hint: Everywhere but Wall Street)

by Derek Loosvelt  |  February 17, 2015

New York is in the middle of an employment boom. Since the financial crisis of 2008 and 2009, the city has added close to half a million jobs. And nearly every sector has been adding jobs but one: Wall Street. Once the core of the Big Apple, Wall Street has soured as a career destination among the young and old alike. The events of the crisis tarnished its reputation among jobseekers-perhaps for a generation or two (or longer). And due to many misdeeds inside the industry, some of the... Read More >

The Best Summer Job I Ever Had Was the Winter I Spent in the Italian Alps

by Derek Loosvelt  |  February 11, 2015

In the past week, the New York Times published two articles on international internships. One about the rise of unpaid internships overseas that can cost students several thousand dollars and that seem to be very attractive to students who can afford them. And a second about a young woman who took an internship in La Paz and who writes, "Opportunities can turn into opportunities for disaster when students blindly leap into situations in foreign countries." She goes on to describe a position... Read More >

Can Companies Save Money By Paying Their Employees More Money?

by Derek Loosvelt  |  February 04, 2015

Have you ever wondered why Trader Joe's employees are always so cheerful and helpful? If so, here's New Yorker financial columnist James Surowiecki with the answer: A substantial body of research suggests that it can make sense to pay above-market wages-economists call them "efficiency wages." If you pay people better, they are more likely to stay, which saves money. Better-paid employees tend to work harder, too … As the authors of a just published study of pay and performance in a hotel... Read More >

Take the PLAT (Parental Leave Aptitude Test)

by Derek Loosvelt  |  January 28, 2015

Last week, in his latest State of the Union Address, President Obama noted that the U.S. is just one of a few industrial nations in the world without laws mandating paid parental leave for employees. This had me wondering: Which are the other two countries that don't mandate paid leave to parents? Which countries offer the most paid leave? And which companies here in the U.S.-despite not having to legally provide any paid leave (that is, not receiving government subsidies to help pay for... Read More >

Thanks to Harvard Alum, Juilliard Gets a Career Services Center

by Derek Loosvelt  |  January 22, 2015

Today, New York City's Juilliard School, the renowned dance, drama, and music conservatory, announced that it has received a $5 million donation to create the Alan D. Marks Center for Career Services and Entrepreneurship. It will be the school's first official career services center. According to the New York Times, the center "will incorporate business skills into the Juilliard Colloquium course; offer intensive sessions on business, marketing and arts management; provide career... Read More >

Yahoo Chairman Maynard Webb to Job Candidates: "Dudes, Where's Your Self-Awareness?"

by Derek Loosvelt  |  January 07, 2015

When Yahoo Chairman Maynard Webb interviews you, he doesn't just probe your past for things like extracurricular activities, teamwork skills, and ability to overcome difficult situations; he also wants to get a sense of your level of "self-awareness" and "openness." In fact, here's a two-part question Webb uses while probing prospective employees: "Six months from now, we're going to know each other very well. What will your team and what will I say that you do really, really well? And... Read More >

10 Biggest Workplace Stories of 2014

by Derek Loosvelt  |  December 17, 2014

It was the year of distressed babies, flash boys, and underpaid women. It was the year of frozen eggs, racist statements, income inequality, and the openly gay CEO. It was the year that Wall Street got soft, and the year that an unknown schoolteacher in China who hatched a company in his tiny apartment became a multi-billionaire in the largest IPO in history. It was 2014. And here are your 10 biggest workplace stories of the year. 10. Michael Lewis Exposes Yet Another Dark Side of Wall... Read More >

Medical Marijuana Is Coming to NYC—and Needs Finance, Legal, and Health Care Talent

by Derek Loosvelt  |  December 10, 2014

A few weeks ago, I had the opportunity to speak with Ari Hoffnung, a former Wall Street banker turned public servant turned medical cannabis entrepreneur. For more than a decade, Hoffnung worked at Bear Stearns, where he was a managing director. Not long after Bear imploded in 2008, Hoffnung went to work for the City of New York as deputy comptroller. After a five-year stint in public service, Hoffnung founded Fiorello Pharmaceuticals, whose mission is to "provide patients suffering from... Read More >

The Most Powerful Woman in the World and the Science of Her Success

by Derek Loosvelt  |  December 03, 2014

One of the most interesting details packed into the recent 15,000-word New Yorker profile of German Chancellor Angela Merkel is the fact that Merkel, widely considered to be the most powerful woman in the world, studied physics and earned her doctorate in quantum chemistry. This scientific background of Merkel's interested me so much that it led me to research the academic and work experience of the 43 men who've served as President of the United States. And what I found is that, before... Read More >

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