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

This Trick Will Help You Fight Phone Addiction at Work

by Derek Loosvelt  |  November 28, 2018

Let's face it, most of us are addicted to our phones. We mindlessly scroll through Instagram. We check our email three times a minute. We look at Facebook, Twitter, news feeds, and other apps way more than our eyes and brains can handle. And yet we do nothing to fight against this addiction. Or, next to nothing. In other words, we're wasting valuable time at work. I'm addicted, too. And for my phone addiction, I've tried many different things. I've tried leaving my phone at my desk when I... Read More >

5 Ways Amazon's NYC HQ Will Affect the City's Workforce

by Derek Loosvelt  |  November 14, 2018

After last week's rumors, now it's official. Amazon will be splitting its HQ2 into two: one of its new headquarters will be located in New York City and another will be in Arlington, Virginia. The contest among cities to win the Amazon HQ bidding was certainly a heated one, with cities throwing billions of dollars in tax incentives Amazon's way. It was also a contest that some say was nothing more than a Read More >

The Single Most Important Perk a Company Can Offer

by Derek Loosvelt  |  November 06, 2018

Today is Election Day, which means you've a) voted, b) will vote, c) will abstain from voting, or d) won't vote because you're unable to make it to the polls. If you're in the A or B camps, then I commend you on caring about the future of your planet, country, state, county, and city. If you're in the C camp, then I urge you to reconsider your position, finding out  Read More >

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 >

This Counterintuitive Interview Trick Could Help You Land the Job

by Derek Loosvelt  |  September 18, 2018

In interviews, one of the most important things you're judged on is your honesty. Interviewers can smell a lie (and a liar) from several cubicles away. And so, perhaps above all else in interviews, you need to remember never to lie; don't even tell little white lies. Another important thing to remember is that in any interaction among humans, a little vulnerability goes a long way. Which is to say, no one likes a know-it-all, and no one likes someone who doesn't seem 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 Ghosting An Employer Can Come Back to Haunt You

by Derek Loosvelt  |  June 27, 2018

Have you ever applied for a job, received an offer to interview, then decided, before that interview, that you didn't want the job and so you never showed up without notifying the company? Or, have you ever accepted a job offer but before your start date found other work, and so you never showed up for your first day and never told the company you were rescinding the offer? If you answered "yes" to either or both of these questions, then you've "ghosted" an employer. And if you answered... Read More >

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