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

Are You, Like, Saying Something Without, Like, Knowing That It's, Like, Hurting Your Career?

by Derek Loosvelt  |  January 20, 2017

My bet is anyone born during the 1970s likely does it at least 10 times a day. Anyone born during the 1980s likely does it at least 20 times a day. And anyone born after 1990 probably has no clue that they do it close to 100 times a day. What I'm referring to is using the word "like," and using it incorrectly at that. And, like, it is not such a good thing. In fact, it is likely, like, hurting you in, like, interviews, meetings, and, like, pretty much any other work-related setting where... Read More >

How to Stop Worrying About the Future and Learn to Love Your Job

by Derek Loosvelt  |  January 18, 2017

Today, 66 percent of employees are unsatisfied with their jobs. And as it turns out, the unsatisfied have no one but themselves to blame. At least, that's what Ayelet Fishbach, a behavioral science and marketing professor at Chicago's Booth School of Business, has come to conclude. In a recent study, Fishbach spoke with numerous unhappy employees and found that it was their own poor judgment that put them into unsatisfying work situations. People send résumés and g Read More >

Why Amazon's Creating 100,000 New Jobs and How You Can Get One

by Derek Loosvelt  |  January 17, 2017

It was mostly good news when, last week, Amazon announced it would be creating 100,000 new jobs in the U.S. over the next 18 months. I write mostly because while the spike in retail jobs at Amazon was positive for all the prospective Amazonians and for the online retail sector as a whole, the announcement also highlighted the loss of thousands of jobs in the old brick-and-mortar retail space. For example, it brought back to the news the fact that Macy's is sacking 10,000 employ Read More >

3 Career Lessons from 'Hamilton' Creator Lin-Manuel Miranda

by Derek Loosvelt  |  January 13, 2017

In a recent episode of the NPR podcast Fresh Air, "Hamilton" creator Lin-Manuel Miranda talks openly about all the research and work that goes into his songwriting, as well as his path from city kid (whose parents wanted him to be a lawyer) to Broadway musical hit maker. There's a lot we can learn from Miranda that can be applied to our work and careers, and here are three such lessons culled from the Fresh Air podcast. Read More >

Why Facebook's Diversity Hiring Efforts Have Not Gone As Planned

by Derek Loosvelt  |  January 11, 2017

Not long ago Facebook, which has received more than a little flak for its largely white and Asian male workforce, took on its lack of diversity head-on and created a new recruiting initiative aimed at beefing up its minority and female employee base. That was two years ago. So how's this initiative going? Not so well Read More >

The One Book to Read to Get Promoted

by Derek Loosvelt  |  January 04, 2017

Jim Runde has worked for Morgan Stanley for 40 years, which makes him the longest-serving investment banker at a single Wall Street institution in history. In 1999, Runde earned fame on Wall Street when he led United Parcel Service's $5.5 billion IPO. At the time, the UPS IPO was the largest on record, but what was even more remarkable than the size of the deal was the fact that UPS never entertained any other offers from competing Wall Street banks to lead it; UPS was one of the Runde's... Read More >

Our 10 Most Popular Blog Posts of 2016

by Derek Loosvelt  |  December 27, 2016

In 2016, Snapchat went global, the video interview went mainstream, and a reality TV star was elected President of the United States. But while we all were busy watching ourselves and others on big and small screens this year, we also found time Read More >

The Best in Work and Careers in 2016

by Derek Loosvelt  |  December 19, 2016

There was a lot to be discouraged by in 2016. There was also a lot to cheer. And here, below, are those career-defining performances and workplace developments from the past year I found to be most deserving of our cheers. Best Performance by an Athlete That Showed How Impor Read More >

How to Write a Resume Like Hemingway

by Derek Loosvelt  |  December 14, 2016

Nobel Prize winner Ernest Hemingway earned fame for writing short, declarative sentences. He also wrote long sentences using phrases and clauses linked by the conduction "and." And both his short and long sentences are ones we can learn from and take advice from, especially when it comes to writing our resumes.  Here are five tips for writing a resume like Hemingway.  1. No adverbs. In elementary school you learned that you can throw "ly" onto pretty much any word and create an adverb.... Read More >

5 Ways of Looking at Trump's Love of Goldman Sachs Bankers

by Derek Loosvelt  |  December 12, 2016

On Monday afternoon, Goldman Sachs President and COO Gary Cohn was officially named the next director of the National Economic Council by President-Elect Donald Trump. Cohn's appointment brought the number of Trump cabinet members with Goldman Sachs on their resumes to three. In addition to Cohn, Trump's chief strategist Steve Bannon and his nominee for Treasury secretary Steven Mnuchin also have years of experience working at Goldman. There Read More >