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

The Best Summer Intern Perk I've Ever Heard Of

by Derek Loosvelt  |  August 17, 2017

Summer Fridays are great, but Tiny Desk Concerts are better. And if you don't know what Tiny Desk Concerts are, I both envy you and feel sorry for you. I envy you because you have so many great Tiny Desk Concerts to experience for the first time. And I feel sorry for you because you've missed so many great Tiny Desk Concerts over the years. I also envy anyone who's ever interned for NPR in Washington, D.C., because Read More >

Do CEOs of Top Employers Have a Responsibility to Respond to Trump?

by Derek Loosvelt  |  August 16, 2017

"Wow, that was something," said CNN anchor Jake Tapper after Donald Trump's press conference Tuesday in which the president doubled down on his original statement about what happened last weekend in Charlottesville, blaming "bad people" "on both sides" for the violence that led to the death of a 32-year-old woman. Read More >

Why Employers Hire 'Curious' Candidates and How to Demonstrate Curiosity in Interviews

by Derek Loosvelt  |  August 14, 2017

Last week, I wrote about why employers like to hire people with "grit" and how to work on your grittiness. This week, I turn to "curiousity," which is another buzz trait that employers are increasingly looking for in new employees. Like "grit," "curiosity" showed up a lot in our recent survey of 2,400 investment banking professionals. A vast number of these ba Read More >

Can Sitting Near a Superstar at Work Turn You Into a Superstar, Too?

by Derek Loosvelt  |  August 09, 2017

It almost seems too good to be true. According to a recent Northwestern University study of more than 2,400 employees at a certain tech firm, when low performing employees sit near high performing employees, the low performers improve their performance by up to 16 percent. Productive employees-those who finished tasks quickly-raised the output of slower colleagues by 8%. Effective employees, who could handle customers' problems without referring them to co-workers to fi Read More >

What Is 'Grit' and Why Do Employers Want You to Have It?

by Derek Loosvelt  |  August 07, 2017

Every year, Vault surveys thousands of investment banking professionals, asking them to tell us about life at their firms. We ask about culture, compensation, hours, training, and many more areas, including the hiring process. With respect to the hiring process, we ask professionals which traits an ideal job candidate needs to have to get hired. In the past, and again this year, banking professionals told us that the following traits are highly important (and, in some cases, requ Read More >

These 8 Cities Have the Vast Majority of $100K/Year Tech Jobs

by Derek Loosvelt  |  July 26, 2017

If you're a recent college or grad-school grad still looking for a city to begin your post-school life, or an experienced profesional itching to change your home base, you'll want to take a look at these eight cities. The eight leading U.S. tech hubs account for slightly less than 10% of U.S. jobs and about 13% of overall job postings. But the cities - Seattle, San Francisco, San Jose, Austin, Raleigh, Washington, Baltimore and Read More >

Do You Earn More Than a Silicon Valley Intern?

by Derek Loosvelt  |  July 20, 2017

Although, on average, interns are making a lot less than they did seven years ago, interns for Silicon Valley firms are making more than they did in recent years. And so, depending on where you sit on the earnings scale and where you are in your career, this is either encouraging news (if you're an engineering student) or discouraging news (if you're not in tech and are unhappy with your comp). In any case, here's what students are pulling down these days in their summer jobs. < Read More >

4 Tips for Writing Important Emails (and Clearing Your Mind)

by Derek Loosvelt  |  July 18, 2017

Every day you write numerous emails. Most you probably write quickly, even if they're work-related. However, chances are that, each day, there are at least a few highly important emails that you have to get just right. This means they require more time and more thought. These emails could be notes to clients or colleagues, cover letters to prospective employers, or follow-up emails to interviewers. They could also, of course, be personal emails. Whatever the case might be, these emails... Read More >

How Fast Should You Reply to Interview Questions Sent by Text?

by Derek Loosvelt  |  July 17, 2017

Erika Nardini, an award-winning executive and unlikely CEO of bro-ish satirical sports blog Barstool Sports, likes to text interview questions to prospective new hires on the weekends. And she likes to text stuff like, "What's your game plan for the day? What companies do you find interesting and why? Give me an example of a failure. What type of environments DON Read More >

Job Search Tips for New International Students

by Derek Loosvelt  |  July 12, 2017

Each year, business school career service professionals from around the world gather at the MBA Career Services and Employer Global Conference. This year, the event took place in San Francisco, from June 27 to June 30. Attending the conference were more than 500 professionals, including international student career expert Marcelo Barros. This week, Vault spoke with Barros about his experience as a presenter at the conference, what came out of the conference that could benefit international... Read More >

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