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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

How to Be Mindful at Work Without Meditation

by Derek Loosvelt  |  April 25, 2016

Before we get into how to be mindful without meditation, let's see how mindful you currently are with a little test. The below comes from Matthew E. May, the author of Winning the Brain Game: Fixing the 7 Fatal Flaws of Thinking. May, whose new book will be available at the end of May, recently wrote an enlightening New York Times piece on the subject of mindfulness in advance of Winning the Brain Game's release. … imagine that the numbers in the incorrect Roman numeral equation below are... Read More >

Why Millennials Refuse to Work for Big Banks

by Derek Loosvelt  |  April 11, 2016

It's that time of year again: when private equity firms start poaching investment banking analysts with less than 10 months of experience on the job. "These kids don't even know where the restroom is yet," a recruiting coordinator at one of the big U.S. banking firms told me recently, "and they're already signing contracts to leave." PE poachers aside, Wall Street banks have bigger problems on their hands: they're losing talent to the tech industry. Some of this talent is leaving after... Read More >

The Golden Rule of Interviews

by Derek Loosvelt  |  April 04, 2016

Interviews are stressful, fear-inducing, sweat-inducing, mostly unpleasant affairs. And so, when you're on the other side of the desk-in the interviewer's seat-you shouldn't forget this. That is, when interviewing someone, you should treat your interviewee like you'd want to be treated if you were the one being interviewed. To that end, I found the below advice about how to best begin an interview that you're conducting to be both relieving (to the interviewee in me) and right on (to the... Read More >

Are Flexible Hours Helping or Hurting Us?

by Derek Loosvelt  |  March 30, 2016

For better or worse, we can now work anywhere. We carry smartphones and tablets with us everywhere. There's nowhere our employers and clients can't reach us. And there's nowhere we can't reach our employers and clients. Some of us like this arrangement. We can get home in time to have dinner with our children. We can meet our significant others and Tinder dates for happy hour. We can attend our daughter's basketball games, our friends' engagement parties. However, some of us don't like to... Read More >

Answering the 'Failure' Interview Question

by Derek Loosvelt  |  March 28, 2016

If you've been following the NCAA Basketball Tournament, you know that there are only four teams left. This means that 64 of the 68 teams selected to play in the tournament have lost, and thus, in some way, 64 teams have failed. Soon, three teams of the so-called Final Four will also lose and thus will also fail. Which means that 67 teams or approximately 1,340 people (each team includes about 15 players and five coaches) will experience some level of failure when the final shining moment... Read More >

What Facebook and Pinterest Are Doing to Hire More Women

by Derek Loosvelt  |  March 23, 2016

A new study by McKinsey and LeanIn.org unsurprisingly shows that women are still severely underrepresented at tech firms throughout the country and that the (few) women already at tech firms believe their gender is holding them back from promotions. The Wall Street Journal recently published an article on the study's findings and included some pretty graphs and tables and whatnot. In any case, here's the gist of the quantitative results: Researchers found that women make up 36.8% of... Read More >

How International Students Can Get Visas and Get Hired

by Derek Loosvelt  |  March 22, 2016

Marcelo Barros is a University of Oregon graduate originally from Brazil. In the U.S., he's worked for Lucent Technologies and Cisco Systems, among other firms, and as a career coach for international students. Drawing on two decades of experience, Barros recently wrote The International Advantage: Get Noticed. Get Hired!, which gives international students advice on how to navigate the U.S. work visa system and how to find the job they want. Last month, Barros spoke to Vault (via email)... Read More >

Citi Tries to Lure Millennials with Entire Year Off

by Derek Loosvelt  |  March 16, 2016

First Wall Street told young bankers that they didn't have to work on weekends. Then they told them they'd never have to work past midnight. Now they're giving them an entire year off. Attitudes toward young bankers have shifted so strongly on Wall Street that Citigroup Inc. has a new plan to keep them happy: Give them a year off. The bank on Wednesday plans to unveil new programs meant to appeal to younger workers, including faster paths to promotion and the chance to take a year off to... Read More >

Apple Exec Behind iPod Named CEO of World's Largest Hedge Fund

by Derek Loosvelt  |  March 14, 2016

In the past few years, there have been several high-profile employment migrations from Wall Street to Silicon Valley. In 2014, Anthony Soto left Goldman Sachs to become Twitter's CFO. In 2015, Ruth Porat left Morgan Stanley to become Google's CFO. Also in 2015, a handful of Goldman bankers were poached by Uber, presumably to help the ride sharing service prepare for its IPO (which is still forthcoming). However, as far as I know, there haven't been many, if any, high-profile employment... Read More >

Secrets to Success of First Female Partner at Big-Swinging Silicon Valley VC Firm

by Derek Loosvelt  |  March 09, 2016

Sarah Tavel's career path from Harvard graduate to first female partner at one of the biggest swinging Silicon Valley venture capital firms is an inspiring one. Tavel, recently featured as one of Paper magazine's I.T. It Girls, says that one of the secrets to her success is being "open to the fact that you don't know." Another is knowing the questions, not the answers. "I'm really good at asking the right questions," she explains of her ability to thrive in unfamiliar conditions. "I think... Read More >

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