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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

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 >

What the New York Times Failed to Mention About Goldman Sachs' Tech Employees

by Derek Loosvelt  |  November 19, 2014

Last week, the New York Times published an article entitled "Goldman Sachs Recasts Its Reputation to Woo Tech Talent." The gist of the piece was that Goldman, the former vampire squid and face of greed and hubris on Wall Street, has put Abacus and Fab Fab behind it, and is now attempting to go after the most highly sought after engineering minds on the planet, that is, it's attempting to lure them away from jobs at tech giants like Google and Amazon with super salaries and super challenging... Read More >

Internship Candidates Care More About Pay Than Career Advancement

by Derek Loosvelt  |  November 12, 2014

With 40 percent of all entry-level full-time hires now being sourced from internship programs, you'd think that the most important factor to college students when choosing an internship would be full-time employment prospects. But that isn't the case at all. In fact, the two most important factors to students are these: location and pay. Earlier this year, Vault administered its annual Internship Experience Survey to 5,800 interns at 100 different internship programs. Along with asking... Read More >

Careers in Cannabis: From Wall Street to High Street

by Derek Loosvelt  |  November 04, 2014

Five or six years ago, if you had told employees of the New York-headquartered High Times that some day in the not so distant future there would be a $300 million private equity fund named after and run by their counterculture publication, they likely would've told you to "stop bogarting the joint, man." Even so, you would've been correct, because today everyone and their mother's dealer is looking to cash in on what is being billed as the coming "potcom boom"-that is, legal dope is coming... Read More >

October 22 to Be First Annual 'Women in Tech Ask For a Raise Day'

by Derek Loosvelt  |  October 15, 2014

FOR IMMEDIATE RELEASE: October 22, 2014 to Be First Annual 'Women in Tech Ask For a Raise Day' In the wake of Microsoft CEO Satya Nadella's comments that women working in technology shouldn't ask for raises but instead should "have faith in the system" to be fairly paid, I'm hereby calling on women nationwide working in tech who disagree with Nadella's comments and think they're underpaid versus their male colleagues to ask their respective managers for a raise on Wednesday, October 22,... Read More >

Want to Work for Google or Microsoft? This New Social Media Tool Can Help

by Derek Loosvelt  |  October 08, 2014

Each fall, thousands of college seniors studying computer science and engineering face a difficult decision: Do I accept the full-time job offer I received from the firm I interned with over the summer? Or do I forego that offer (which has a shorter shelf life than milk) and hope that a better offer comes my way before I graduate? Until recently, these 20- and 21-year-old students were on their own when taking a stab at making the right choice. But now, thanks to a tool called Explore Your... Read More >

Business Majors Are Most Bored At Work, Science and Engineering Majors Are Most Financially Secure

by Derek Loosvelt  |  October 03, 2014

It used to be that you studied business in school not because you wanted to change the world and have a meaningful career but to make bank and feel financially secure. But now it appears that majoring in business won't get you job-love or money. According to a new poll conducted by Purdue University and Gallup Education, people who majored in business are much less engaged with their jobs than those who majored in science and engineering, arts and the humanities, or the social sciences and... Read More >

Can the Guy Who Lured LeBron Back to Cleveland Convince You to Live and Work in Detroit?

by Derek Loosvelt  |  October 01, 2014

The new Forbes 400 was announced this week, and although the same guy (Bill Gates) ranked No. 1 for the 21st year in a row, there are a handful of notable new billionaires on the list. The highest-ranking newbie, at No. 62, is WhatsApp co-founder Jan Koum. Earlier this year, Koum sold his mobile messaging business to Facebook for an extremely cool $19 billion. (Incidentally, Facebook CEO Mark Zuckerberg, though no longer the world's youngest billionaire, did grow his fortune by $15 billion... Read More >

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