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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

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 >

Could Justice Scalia's Death Affect Pay, Promotions, and Gender Bias Lawsuits?

by Derek Loosvelt  |  March 02, 2016

One of the wildest developments in this very wild election year has been the death of Supreme Court Justice Antonin Scalia. And the question Who will succeed him? is one that's looking more and more like it will be heatedly debated right up until the final vote is cast on the first Tuesday this November. Of course, the importance of Scalia's successor is far reaching. With the SCOTUS now locked at 4 vs. 4 (four conservatives and four liberals), the person to take Scalia's place will likely... Read More >

Oscar Shines on Investigative Journalism, Spits on Investment Banking

by Derek Loosvelt  |  February 29, 2016

At Sunday night's Academy Awards ceremony, the first two Oscars of the night were handed out to the perhaps most overlooked, under-appreciated, marginalized of all Hollywood talent: the writers. The first Oscar was given for original screenplay and went to the writers of Spotlight (which also won the last Oscar of the night for Best Picture). The second Oscar of the night was for adapted screenplay and went to the writers of The Big Short. Although these two films couldn't be more... Read More >

What Is a 'Superboss' and Why Is Donald Trump Not One?

by Derek Loosvelt  |  February 24, 2016

According to Tuck Business School Professor Sydney Finkelstein, there's a type of boss that is "beyond superstar," that grooms talent, that scouts, trains, and develops the next generation of leaders, as opposed to simply building his or her own organization. The name for such a boss is "superboss," and Finkelstein's decade-long research on the subject of the superboss is now available in his new book, Superbosses: How Exceptional Leaders Master the Flow of Talent. For an idea of what a... Read More >

Talent Wars: Is Silicon Valley Salivating Over the Bonus Drought on Wall Street?

by Derek Loosvelt  |  February 19, 2016

Back in 2008, when the mortgage-backed securities hit the fan, there was a monstrous public outcry for banker bonuses to be scaled back. Banks kicked and screamed, fighting hard against it, but in the end acquiesced and scaled bonuses back. Or sort of scaled them back. What they agreed to do, instead of giving senior bankers mountains of cash at the end of the year, was give them mountains of stock. This was a way to show that banks and bankers weren't just in it for the short-term gains,... Read More >

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