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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

Should We Fear or Cheer the Video Interview?

by Derek Loosvelt  |  August 17, 2016

Earlier this summer, Wall Street giant Goldman Sachs announced it was scrapping in-person on-campus recruiting for a software-based video interview recruiting program. The fact that Goldman, the most prestigious investment banking firm on the planet, would be using video interview software in place of human beings to conduc Read More >

Is There a Best Way and Time to Fire Someone?

by Derek Loosvelt  |  August 15, 2016

One of the most stressful times in a career is losing a job. It can also be quite stressful if you're on the other side of the layoff. That is, if you're the deliverer of the bad news, the one having to tell someone they're about to lose a job. The reason is there's no easy or best way to tell someone that their services are no longer needed, and there's no best time to tell someone either. Or is there? According to Christa Quarles, the CEO of Open Table, an online restaurant-reservation... Read More >

Why Millennials Are Flocking to Denver (Hint: Not for the Legal Weed)

by Derek Loosvelt  |  July 22, 2016

There's a saying in Colorado that people come for the winters but stay for the summers. And now, in Denver, the state's capital, there's a similar saying: people come for the cannabis but stay for the jobs. That is, Denver's become the new great magnet for the millennial generation. And it's not the legal marijuana that millennials are flocking to the city for (though, certainly, that doesn't have zero effect on their mile-high migration) Read More >

Can a Wall Street Career Be Fulfilling?

by Derek Loosvelt  |  July 19, 2016

There's no doubt that a career in investment banking, sales and trading, hedge funds, private equity, or venture capital can be, and almost always is, very lucrative. There are few other careers outside of Wall Street that pay, even to the most average employee, as much money over the length of a career. This is widely known, and few will dispute it. However, what is not as certain, and what is certainly up for dispute, is how fulfilling a career on Wall Street can be. And the latest... Read More >

How Sexist Is Wall Street?

by Derek Loosvelt  |  July 11, 2016

It's been many moons since I worked in investment banking as an M&A analyst and associate. And so, in this day and age, I'm sure that things like this don't happen anymore: holiday parties that end at strip clubs, male bankers asking each other if they'd "[insert your favorite expletive]" this or that female banker, male bankers taking long lunch breaks to "see their chiropractors" (a/k/a get massages that end happily). Or do they? In a recent New York Times Read More >

The New Tell-All Memoir That Facebook Doesn't Want You to Read

by Derek Loosvelt  |  July 05, 2016

A new "take no prisoners" memoir by an ex-Facebook employee about working for Mark Zuckerberg and his social media empire has been called a "great" "must-read" book that "matters." In fact, Antonio García Martinez's Chaos Monkeys: Obscene Fortune and Random Failure in Silicon Valley has received three glowing reviews from The New York Times Read More >

Why You're Not Reaching Your Potential

by Derek Loosvelt  |  June 29, 2016

Best-selling author Malcolm Gladwell is on mission to uncover the secrets to greatness; he's also on a mission to help us uncover our own greatness. At least, that's how I read a lot of his work. Gladwell, a New Yorker contributor whose most well known books include Blink, Outliers, and David and Goliath, recently unveiled a new project: a podcast entitled Revisionist History. In each installment of the podcast, Gladwell "will go back and reinter Read More >

How to Prevent Machines from Stealing Your Job

by Derek Loosvelt  |  June 27, 2016

There's no denying that robots, artificial intelligence, algorithms, etc., are increasingly automating tasks that humans have received good money to perform for decades. However, there's no reason to believe that machines will completely replace humans when it comes to work (at least not in the foreseeable future), or that humans and machines can't congenially coexist in the workplace. This is, more or less, the premise of Only Humans Need Apply: Winners and Losers in the Age of Read More >

Will Videos Interviews Replace On-Campus Recruiting?

by Derek Loosvelt  |  June 24, 2016

No matter what you think of Goldman Sachs, there's no denying that the bank has become the main, if not sole innovator on Wall Street when it comes to workplace policies. Goldman was the first big bank to enact a protected-weekend-day policy, the first big bank to enact a no-work Read More >

10 Internship Tips from Morgan Stanley Recruiters

by Derek Loosvelt  |  June 21, 2016

Vault recently spoke with two of Morgan Stanley's top recruiting professionals: Erin Korte, who previously managed the Firm's North American Investment Banking Analyst and Associate Full-Time and Summer Campus Programs; and Stephanie Mondo, who manages the firm's North America Technology Campus Recruiting efforts. Korte and Mondo talked with Vault about what students should do to make the most of their summer internships. The following is an Read More >

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