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 Real-Time Performance Reviews Something to Cheer or Fear?

by Derek Loosvelt  |  April 24, 2017

Imagine, for a moment, if Instagram included, instead of a simple Like option, an option to give each post a numerical rating on a scale of 1 to 10, where 10 means "I love love love it! This is an awesome post. More like this, please!" and 1 means "Are you %$^ing kidding me? Please never post something like this ever again. It is a Complete. Waste. Of time." As you begin to imagine this alternate Instagram universe, also imagine that each Instagram feed has an overall rating attached to it... Read More >

How You Know When It’s Time to Leave Your Job

by Derek Loosvelt  |  April 19, 2017

If you think your job is stressful, you should listen to Alyssa Mastromonaco talk about hers. That is, her former job. During the Obama administration, Mastromonaco worked at the White House as assistant to the president, director of scheduling and advance, and deputy chief of staff for operations. Mastromonaco recently published a book about her time in D.C. called Read More >

3 Career Lessons from Alec Baldwin

by Derek Loosvelt  |  April 10, 2017

Recently, the award-winning actor Alec Baldwin was the subject of an informative, inspiring, and very funny NPR Fresh Air podcast. In it, Baldwin discusses his memoir Nevertheless, his parents, his upbringing in Long Island, his love for old movies, his recent work on Saturday Night Live, how he got started in acting, and what he regrets most about his wildly successful career. There's much Read More >

This New Court Ruling Is a Game Changer for LGBT Employees

by Derek Loosvelt  |  April 05, 2017

It's hard to believe that, under federal law, it's not explicitly illegal to discriminate against employees based on their sexual orientation. However, yesterday, in Chicago, a federal court of appeals ruling went a long way toward outlawing sexual orientation-based discrimination. The court ruled 8-3 in favor of Kimberley Hively, a professor who claimed she wasn't considered for promotions and lost her teaching position at a community college in Ind Read More >

Why Are Startup Employees Implanting Microchips Into Their Bodies?

by Derek Loosvelt  |  April 04, 2017

It sounds like the premise of a "Black Mirror" episode. In Sweden, more than 150 employees at a startup called Epicenter have surgically implanted tiny electronic chips into their hands, allowing them to open office doors, print out documents, and purchase drinks. In other words, gone are card keys and debit cards, and in their place are microchipped thumbs, Read More >

Answering the 'What's Your Five-Year Plan?' Interview Question When You Have No Plan

by Derek Loosvelt  |  March 28, 2017

Do you dread the "Where do you see yourself in five years?" interview question? Do you dread it in part because you have no five-year plan? If you answered "yes" to both of these questions, you're in luck, because the latest New York Times Corner Office column inadvertently includes some excellent advice on how to build a great answer to this often-dreaded interview question that doesn't involve any grand five-year plan. The subject of the column is David Cancel, Read More >

How to Keep an Interview Journal and Why

by Derek Loosvelt  |  March 15, 2017

Interviews are the most crucial parts of the job search process and often the most stressful. They can cause an endless amount of anxiety as well as an endless number of sleepless nights. It's no wonder that interview tips are the most sought after career advice by jobseekers. However, most advice about interviewing concentrates on what you can do before an interview, and little concentrates on what you can do afterward. And that's what I'd like to focus on below. So, to begin, let's say... Read More >

Are Millennials Arrogant and Disrespectful?

by Derek Loosvelt  |  March 06, 2017

I typically loathe generalizations. And so, I try very hard to avoid using reductive phrases and terms like baby boomers, Generation X, and millennials. And yet, I find myself compelled to listen when others use them, especially when people make disparaging statements while using them. I guess I can't seem to turn away from any invective, specific or general. Which brings me to the latest New York Times Corner Office colu Read More >

Are JPMorgan and Goldman Sachs Transitioning from Banks to Tech Firms?

by Derek Loosvelt  |  February 28, 2017

I admit I was a little suspect when, a while back, Goldman Sachs CEO Lloyd Blankfein said that Goldman was really a tech firm, not a bank. But more recently, with Goldman's roll out of Marcus, among other ventures, I've been warming up to the idea as Goldman the tech firm. And it seems that Goldman isn't alone when it comes to Wall Street banks transitioning into technology institutions. JPMorgan i Read More >

Answering the ‘What's Your Passion?’ Interview Question When You Have No Passions

by Derek Loosvelt  |  February 21, 2017

In the past week, on three separate occasions, I've overheard someone ask, "How do I answer that interview question about what my passions are if I don't even know what I'm passionate about?" And so, here, I'd like to offer a few thoughts on what appears to be a common issue when it comes to interviewing.  Why do interviewers ask about your passions?  First, I think it's important to back up for a minute and ask why interviewers often pose this question to job candidates. The way I see... Read More >