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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

Will 'Billions' Inspire Millions of New Hedge Fund Managers?

by Derek Loosvelt  |  January 21, 2016

When Oliver Stone made his iconic Wall Street film "Wall Street" in 1987, he was doing so, at least in part, to call out the greed and hubris of the financial world and to castigate the greedy bankers and traders on the Street during the 1980s in hopes, at least in part, that young people (men) would think twice before jumping into careers in finance, or at least think twice before they head down a very dark road once firmly into their Wall Street careers. However, the exact opposite... Read More >

The One Thing Cruz, Rubio, Clinton, and Sanders Agree On: Wall Street Stinks

by Derek Loosvelt  |  January 13, 2016

During his final State of the Union address, President Obama joked that he'd make his speech short so everyone can get back to Iowa, meaning to the campaign trail, meaning Republicans and Democrats can both return to preaching to their respective bases, meaning both Republicans and Democrats can return to bashing Wall Street. Yes, this time around, even the Republicans are bashing bankers, biting the hands that often feed them. Here's the (not-so-liberal) Wall Street Journal Read More >

Q&A With Ellen Jin, a Morgan Stanley Credit Risk Analyst

by Derek Loosvelt  |  January 06, 2016

Ellen Jin is a former Morgan Stanley intern who recently joined the firm on a full-time basis. Jin works as an analyst in the firm's Credit Risk Department. Last month, Jin spoke to Vault about how she landed her internship and why she took a full-time position with Morgan Stanley. She also offered some advice for students looking for financial services internships. Below is an excerpt of that conversation. VAULT: Where did you grow up and go to school? And how did you find your way to... Read More >

10 Most Encouraging Workplace Developments of 2015

by Derek Loosvelt  |  December 16, 2015

Of all the career and workplace-related news and developments I followed this year, here are the 10 I believe to be the most encouraging, to current and future members of the Great American Workforce. 10. Wall Street, Led by Goldman Sachs, Is Continuing to Address the All Too Often Punishing Lives of Investment BankersNot long after the apparent suicides of two young Wall Street bankers (one of whom worked for Goldman, the other for Moelis) whose brutal work schedules likely had more than... Read More >

Secrets to Success of Best Wall Street Bank You've Never Heard of (Unless You Work on Wall Street)

by Derek Loosvelt  |  December 09, 2015

Evercore, which recently ranked No. 4 in the Vault Banking 50 and took the No. 1 spot in Vault's 50 Best Internships, has been killing it in 2015. Its stock has risen 600 percent higher than the S&P 500. Its net revenues are up nearly 40 percent. It promoted more employees than ever in its history. And it had its hands all over the Read More >

Wall Street's First CHO (Chief Health Officer) and the Benefits of Leaving Work at 7

by Derek Loosvelt  |  December 07, 2015

It makes pretty good sense to me that a healthier worker is a more productive worker. Fewer sick days, fewer cigarette breaks, fewer chocolate donut breaks, more effective when not on break, etc. It also makes good sense to me that if you nearly die from working too much and/or hitting the fatty tuna and Sapporo too hard that you should alter the amount you work, amount you eat and drink, and amount of time you spend on physical exercise. I mention all this because two months ago Japanese... Read More >

Mindfulness Training Tips Google, Nike, and Microsoft Use

by Derek Loosvelt  |  November 11, 2015

The alarm goes off at 7 a.m. and the first thing I think of is coffee. I get up, somewhat reluctantly, and as I make my way toward the coffee maker I spot my so-called smartphone plugged into the wall. Reflexively, I pick it up and check my personal email. I see this month's electric bill and my latest credit card bill. Didn't I just pay those? I wonder. Against my better judgment, I open both emails, and the prospect of more money going out as opposed to in causes a good deal of anxiety to... Read More >

Why Is Goldman Sachs Fast-Tracking Junior Bankers?

by Derek Loosvelt  |  November 09, 2015

About 16 months ago, I posted a blog entitled, An Open Letter to Wall Street Recruiters: What Junior Bankers Really Want. In it, I suggested that investment banks, in their efforts to better their offerings to entry-level employees, shouldn't focus on increasing salaries and bonuses as much as on increasing job responsibilities, including: More deal experience and better deal experience. More senior-level work (or at least highe Read More >

Harvard Business School Links Sarcasm With Success

by Derek Loosvelt  |  November 04, 2015

Years ago, during a first-round on-campus interview with an investment bank, I was asked to tell a joke. Although I don't remember which joke I told, I remember receiving a slight laugh (I also remember receiving a second-round interview but not a third-round interview or a job offer). In any case, at the time, I merely assumed that my humor and personality were being tested; it never crossed my mind until coming across the results of this HBS stu Read More >

If You Work For a Hedge Fund, Now's the Time to Ask For a Raise

by Derek Loosvelt  |  October 28, 2015

Remember a few years back when it seemed like everyone and their mother's hedge fund manager were being busted for insider trading? Well, it turns out that what those folks were doing wasn't insider trading at all. Or, rather, it was, but back then it was illegal to trade on inside information, and now it's legal. That is, sort of legal, as long as you don't know it's insider trading and/or you don't take money for handing over an inside tip. Yes, it's all very confusing. But one thing is... Read More >

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