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Vault Blogs / Contributor Network / Posts by 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.
One of the most interesting details packed into the recent 15,000-word New Yorker profile of German Chancellor Angela Merkel is the fact that Merkel, widely considered to be the most powerful woman in the world, studied physics and earned her doctorate in quantum chemistry. This scientific background of Merkel's interested me so much that it led me to research the academic and work experience of the 43 men who've served as President of the United States. And what I found is that, before... Read More >
Last week, the New York Times published an article entitled "Goldman Sachs Recasts Its Reputation to Woo Tech Talent." The gist of the piece was that Goldman, the former vampire squid and face of greed and hubris on Wall Street, has put Abacus and Fab Fab behind it, and is now attempting to go after the most highly sought after engineering minds on the planet, that is, it's attempting to lure them away from jobs at tech giants like Google and Amazon with super salaries and super challenging... Read More >
With 40 percent of all entry-level full-time hires now being sourced from internship programs, you'd think that the most important factor to college students when choosing an internship would be full-time employment prospects. But that isn't the case at all. In fact, the two most important factors to students are these: location and pay. Earlier this year, Vault administered its annual Internship Experience Survey to 5,800 interns at 100 different internship programs. Along with asking... Read More >
Five or six years ago, if you had told employees of the New York-headquartered High Times that some day in the not so distant future there would be a $300 million private equity fund named after and run by their counterculture publication, they likely would've told you to "stop bogarting the joint, man." Even so, you would've been correct, because today everyone and their mother's dealer is looking to cash in on what is being billed as the coming "potcom boom"-that is, legal dope is coming... Read More >
FOR IMMEDIATE RELEASE: October 22, 2014 to Be First Annual 'Women in Tech Ask For a Raise Day' In the wake of Microsoft CEO Satya Nadella's comments that women working in technology shouldn't ask for raises but instead should "have faith in the system" to be fairly paid, I'm hereby calling on women nationwide working in tech who disagree with Nadella's comments and think they're underpaid versus their male colleagues to ask their respective managers for a raise on Wednesday, October 22,... Read More >
Each fall, thousands of college seniors studying computer science and engineering face a difficult decision: Do I accept the full-time job offer I received from the firm I interned with over the summer? Or do I forego that offer (which has a shorter shelf life than milk) and hope that a better offer comes my way before I graduate? Until recently, these 20- and 21-year-old students were on their own when taking a stab at making the right choice. But now, thanks to a tool called Explore Your... Read More >
It used to be that you studied business in school not because you wanted to change the world and have a meaningful career but to make bank and feel financially secure. But now it appears that majoring in business won't get you job-love or money. According to a new poll conducted by Purdue University and Gallup Education, people who majored in business are much less engaged with their jobs than those who majored in science and engineering, arts and the humanities, or the social sciences and... Read More >
The new Forbes 400 was announced this week, and although the same guy (Bill Gates) ranked No. 1 for the 21st year in a row, there are a handful of notable new billionaires on the list. The highest-ranking newbie, at No. 62, is WhatsApp co-founder Jan Koum. Earlier this year, Koum sold his mobile messaging business to Facebook for an extremely cool $19 billion. (Incidentally, Facebook CEO Mark Zuckerberg, though no longer the world's youngest billionaire, did grow his fortune by $15 billion... Read More >
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Didn't get the bonus you were hoping for? Your firm's salary freeze going on a decade? Rents rising faster than a helium balloon torn from the wrist of a three-year old boy? Not to fear, because the SEC's whistleblower program is here-and could just be your ticket to a life outside of a four-by-four foot cube in a dungeon-like room with no sunlight in sight. As reported by Reuters earlier this week: An anonymous tipster living abroad will be receiving more than $30 million, in the largest... Read More >
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