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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

Wall Street’s Return: Wonderful or Frightful?

by Derek Loosvelt  |  May 18, 2015

It's official: Wall Street's back. That is, the banking industry is just about back to where it was before the financial crisis of 2008 with respect to both profits and staffing. And so, depending on where you stand, the Return of Wall Street is either a sugary sequel to a superhero blockbuster, or a gory sequel to a frightening slasher flick. Masters of the Universe Chances are if you're about to embark on a career in finance, or are a seasoned securities professional, or are an Upper... Read More >

57-Year-Old Proves It’s Never Too Late to Work for a Start-up

by Derek Loosvelt  |  May 18, 2015

Not all start-up employees are unshaven twenty-somethings who wear T-Shirts, sneakers, and jeans to the office. In fact, some are unshaven fifty-somethings who wear T-shirts, sneakers, and jeans to the office. One such employee is Jerry Weiss, a former Citi and JPMorgan Chase banker who, at 57, is by far the oldest-and most experienced-employee of a New York-based start-up called Bond Street. Through three decades, Jerry Weiss wore coats and ties to the offices where he managed credit... Read More >

9 Tips for Breaking Into Advertising

by Derek Loosvelt  |  May 13, 2015

The final episode of the final season of AMC's Mad Men airs this Sunday night. And if you've been watching Matthew Weiner's masterful series during its seven-season run, you've seen, among other things, all of the following: the show's central ad man Don Draper nailing numerous ad pitches; up and coming ad woman Peggy Olson coming up with numerous ad slogans; slick salesman Pete Campbell expertly schmoozing numerous top clients; and carefree and full bearded art director Stan Rizzo... Read More >

In Interviews, Heart and Brains Beats Experience

by Derek Loosvelt  |  May 11, 2015

One of JetBlue Chairman Joel Peterson's guiding principles when it comes to hiring has been looking for heart and brains, at the expense of work experience. Peterson, who is also a former CEO of real estate giant Trammell Crow and who has taught for several years at Stanford Business School, is the subject of the latest New York Times Corner Office column. Here's Peterson expanding on his hiring principles: At Trammell, we used to say we hire for brains and heart, and we'll give them... Read More >

Q&A With a Working Mother on Wall Street

by Derek Loosvelt  |  May 06, 2015

Hilani Kerr is the head of global foreign exchange product sales at Bank of America Merrill Lynch. During her two-decade career, she has worked in Europe, Asia, Australia, and, for the past three years, in New York. In addition to her busy work schedule, she and her husband are raising two daughters-an 11-year old and an eight-year old. I recently spoke to Kerr about how she balances her home life with her work life. Below is an excerpt from that conversation. VAULT: What does a typical... Read More >

Which Font Is the Best for Your Resume?

by Derek Loosvelt  |  May 04, 2015

I'll give you a hint: it's not Comic Sans, it's not Times New Roman, and, as far as I know, it's the only font that's been the subject of a feature-length documentary film. Yes, Helvetica. Or should I say, Helvetica Yes! In any case, according to Bloomberg, "which asked three typography wonks which typefaces make a curriculum vitae look classiest," here's why the font is so well suited for your resume: "Helvetica is so no-fuss, it doesn't really lean in one direction or another. It feels... Read More >

Is Detroit the Coolest City to Work In?

by Derek Loosvelt  |  April 29, 2015

Detroit might not be the safest city, and it's certainly not the richest (in fact, it's the poorest), but it could very well be the coolest city to live and work in right now. Given that young people and creative people and especially young creative people have been largely priced out of New York, that the Bay Area is basically unaffordable for just about anyone who doesn't have a fair number of stock options, that Portland is overrun with unemployed mixologists, that Austin is still at... Read More >

Startup Jobs in Medical Marijuana

by Derek Loosvelt  |  April 27, 2015

According to a handful of recent polls, a majority of Americans now support the legalization of medical marijuana. This means that legalization, if it hasn't already, is coming to a state near you. It also means that there'll be tons of cash up for grabs once medical marijuana is legal in your state. And so, if you aren't working for or investing in a medical marijuana startup, now might be a good time to get in on the action. To that end, Alex Thiersch, a medical marijuana private equity... Read More >

5 Banks That Care About Climate Change

by Derek Loosvelt  |  April 22, 2015

Follow me @VaultFinance. Read More:Can Working on Wall Street Save Lives?Do Ivy League Grads Have More Fun on Wall Street?50 Best Investment Banks to Work For... Read More >

6 Interview Tips From Tech Recruiters

by Derek Loosvelt  |  April 16, 2015

There's no way around it: interviewing can be stressful. However, with a lot of preparation and, more important, the right kind of preparation, interview stress can be mitigated. To that end, below you'll find six interview tips from recruiters in the tech industry. These tips will help you prepare for an interview in this highly competitive field and should also help to alleviate a lot of your interview stress. The following was adapted from the Vault Career Guide to the Internet and... Read More >

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