Derek Loosvelt

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

6 Tips for Deciding Which Investment Banking Offer to Accept

by Derek Loosvelt  |  September 24, 2018

When it comes to internships, at some firms "what you see is what you get," meaning the summer intern experience matches the full-time experience. At other firms, the summer experience is a "watered down" version of the full-time experience, giving the impression that a full-time role isn't as fulfilling or demanding as it really is. So, before deciding on which full-time investment banking offer to accept, make sure you understand the difference, and that you know the answers to questions... Read More >

Do You Have the 'Grit' to Work for a Top Company? Take This Quiz to Find Out

by Derek Loosvelt  |  August 29, 2018

Companies are increasingly looking for employees with grit, which studies show is a better predictor of success than both test scores and ability. But what exaclty is grit? And how do you know if you have it (and, if so, how much of it)? The good news is there's now a clear and concise definition of grit as well as a quick "grit quiz" that will tell you how gritty you really are (if you take the quiz honestly, that is). Both the definition and quiz come courtesy Read More >

50 Best Investment Banks to Work For in 2019

by Derek Loosvelt  |  August 08, 2018

Today, we released our annual Vault Banking 50, a ranking of the best investment banks to work for in North America. This year, Goldman Sachs again ranked No. 1, while Evercore and Centerview Partners held their places at No. 2 and No. 3, respectively. Morgan Stanley again ranked No. 4 this year, while boutique bank Greenhill jumped a spot to No. 5.   Here are the top 10 firms in the new Banking 50: Read More >

3 Ways Goldman Sachs' Culture Will Change Under New CEO DJ D-Sol

by Derek Loosvelt  |  August 01, 2018

Earlier this month, an EDM DJ with a top-40 dance single was named the next CEO of Goldman Sachs. Yes, DJ D-Sol, a.k.a. David Solomon, will succeed Lloyd Blankfein as Goldman CEO on October 1st of this year. And although D-Sol is indeed an expert on the decks-he's worked turntables and dance floors in the Bahamas, South Beach, Montauk, and Read More >

3 Tips for Dealing with Work Emails on Vacation

by Derek Loosvelt  |  July 12, 2018

Gone are the days when going on vacation means you're unreachable. Now, with email, smartphones, Slack, and other tools that allow you to be in touch from anywhere and at anytime, it's hard to completely unplug when you take time off. In fact, today, many employers expect their employees to respond to important or urgent emails even while on vacation. Others employers, while not officially expecting it, silently encourage it. In addition, some employees might l Read More >

How to Stop Worrying About Interviews and Learn to Lessen Your Stress

by Derek Loosvelt  |  June 19, 2018

Many people stress out about interviews and experience stress in interviews. The reason for this is many people treat interviews like performances, as though by interviewing they're performing some sort of one-person show. And so, to prepare for these solo performances, they try to memorize all sorts of lines (answers to questions such as the "strengths and weaknesses" question) and even long monologues (the "tell me about yourself" and " Read More >

Google or NASA: Which Employer Is More Prestigious?

by Derek Loosvelt  |  June 13, 2018

What employees really want out of a job is something that's continually on the minds of hiring managers and recruiters. It's also something that should be more on the minds of C-suites executives across the country. The reason for this is young jobseekers are increasingly rating "meaning" over "monetary rewards" when it comes to where they want to build their careers.  A recent example of this phenomenon can be seen in a survey of more 62,366 students at 352 universities done by the... Read More >

The Most Important Thing to Do When Receiving Negative Feedback

by Derek Loosvelt  |  June 05, 2018

No one likes getting negative feedback on their work. And yet, studies show that those who ask for negative feedback perform better and are more successful than those that don't. The reason for that is they're able to quickly change (or, at least, change faster than those not getting negative feedback) the things they're not doing well and thus they improve their overall performance. So, then, why don't more employees and managers ask f Read More >

David Sedaris' Commencement Advice That Your Parents Will Hate But You Will Love

by Derek Loosvelt  |  May 30, 2018

If you're a fan of David Sedaris' essays, you're likely feeling like I am of the 2018 graduating class at Oberlin College: jealous. Jealous because, last Monday, the best-selling author and comic genius delivered the class of 2018 commencement address. In the address, Sedaris gave the class of 2018 much of the wisdom he'd gained in his 61 years. After passing Read More >

4 Takeaways from Starbucks' Racial-Bias Training

by Derek Loosvelt  |  May 29, 2018

On Tuesday, Starbucks closed approximately 8,000 of its stores for four hours so some 175,000 employees could go through a "racial-bias training" session. The closings and training were a direct response to a recent i Read More >

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