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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

Google Poaches Wall Street's Most Powerful Woman: 3 Takeaways

by Derek Loosvelt  |  March 25, 2015

Yesterday, it was announced that Google had hired Ruth Porat away from Morgan Stanley to be the tech firm's new CFO. Porat had held the chief financial officer position for the venerable Morgan Stanley for the past five years and was widely considered to be the most powerful woman on Wall Street. The move, which came two weeks after Patrick Pichette announced he was leaving his Google CFO post, was seen as a big gain for Google and a big loss for Morgan Stanley. Speaking about Porat's... Read More >

Big 4 vs. Regional Accounting Firms: Is the Gap Closing?

by Derek Loosvelt  |  March 18, 2015

In just under a month, Vault will release its annual Accounting Rankings. This year, the rankings are based on a survey of more than 8,300 accountants, and include an overall 50 best to work for ranking, an overall prestige ranking, several quality of life rankings, and a handful of diversity rankings. Last year, in the overall prestige categories, PwC, EY, Deloitte, and KPMG (the so-called Big 4) ranked No. 1, 2, 3, and 4, respectively. However, it was the mid-sized firms-those outside... Read More >

The C-Suite Spot: American Apparel’s New CEO Not Shying Away from Sex Appeal

by Derek Loosvelt  |  March 11, 2015

Welcome to The C-Suite Spot, a new try-weekly column-that is, I will try to post a column each week, but the frequency of posts could be more like every other week or once every three weeks. In any case, it will highlight notable moves and news in top management at top companies around the world. American Apparel's new boss is still selling sex, just not an obscene amount of sex.American Apparel's first female CEO, Paula Schneider, has a tough act to follow. Not tough as in she needs to... Read More >

Which Ivy League School Has the Best Instagram Account?

by Derek Loosvelt  |  March 04, 2015

Follow me on Twitter @VaultFinance.

Folow us on Instagram @VaultCareers.

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Jon Stewart's Exit Interview

by Derek Loosvelt  |  February 25, 2015

Last Thursday night at Joe's Pub in New York, Jon Stewart appeared on the live talk show Employee of the Month. The show is also a regular podcast and is hosted by Catie Lazarus, who put Stewart through a 45-minute exit interview of sorts. During the interview, Lazarus asked Stewart about why he's leaving The Daily Show, what he'll miss about his 16-plus years with Comedy Central, what he's planning to do next, why he wasn't a very good employee in jobs other than TV show host (such as... Read More >

Where the Jobs Are in New York (Hint: Everywhere but Wall Street)

by Derek Loosvelt  |  February 17, 2015

New York is in the middle of an employment boom. Since the financial crisis of 2008 and 2009, the city has added close to half a million jobs. And nearly every sector has been adding jobs but one: Wall Street. Once the core of the Big Apple, Wall Street has soured as a career destination among the young and old alike. The events of the crisis tarnished its reputation among jobseekers-perhaps for a generation or two (or longer). And due to many misdeeds inside the industry, some of the... Read More >

The Best Summer Job I Ever Had Was the Winter I Spent in the Italian Alps

by Derek Loosvelt  |  February 11, 2015

In the past week, the New York Times published two articles on international internships. One about the rise of unpaid internships overseas that can cost students several thousand dollars and that seem to be very attractive to students who can afford them. And a second about a young woman who took an internship in La Paz and who writes, "Opportunities can turn into opportunities for disaster when students blindly leap into situations in foreign countries." She goes on to describe a position... Read More >

Can Companies Save Money By Paying Their Employees More Money?

by Derek Loosvelt  |  February 04, 2015

Have you ever wondered why Trader Joe's employees are always so cheerful and helpful? If so, here's New Yorker financial columnist James Surowiecki with the answer: A substantial body of research suggests that it can make sense to pay above-market wages-economists call them "efficiency wages." If you pay people better, they are more likely to stay, which saves money. Better-paid employees tend to work harder, too … As the authors of a just published study of pay and performance in a hotel... Read More >

Take the PLAT (Parental Leave Aptitude Test)

by Derek Loosvelt  |  January 28, 2015

Last week, in his latest State of the Union Address, President Obama noted that the U.S. is just one of a few industrial nations in the world without laws mandating paid parental leave for employees. This had me wondering: Which are the other two countries that don't mandate paid leave to parents? Which countries offer the most paid leave? And which companies here in the U.S.-despite not having to legally provide any paid leave (that is, not receiving government subsidies to help pay for... Read More >

Thanks to Harvard Alum, Juilliard Gets a Career Services Center

by Derek Loosvelt  |  January 22, 2015

Today, New York City's Juilliard School, the renowned dance, drama, and music conservatory, announced that it has received a $5 million donation to create the Alan D. Marks Center for Career Services and Entrepreneurship. It will be the school's first official career services center. According to the New York Times, the center "will incorporate business skills into the Juilliard Colloquium course; offer intensive sessions on business, marketing and arts management; provide career... Read More >

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