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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

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 >

Are Humble CEOs More Successful?

by Derek Loosvelt  |  October 26, 2015

Although I've never come across a study measuring CEOs' success against their level of humility, I'd wager that there's a strong positive correlation between the two. And so, I'd wager that what this recent Wall Street Journal article points to is true: that braggart CEOs with big egos do not perform as well, nor do their staffs perform as well, as CEOs who've been schooled in the fine art of humility, and that, as a result, boards of companies are beginning to hire accordingly. Read More >

How Your Mother's Advice Can Lead to a VC Job in Silicon Valley

by Derek Loosvelt  |  October 19, 2015

All too often, those who dole out interview advice emphasize memorizing the answers to certain questions (what are your strengths? weaknesses? tell me about a time when …) at the expense of making sure you come across as a human being, which is to say making sure you allow a genuine conversation to take place as opposed to simply repeating answers you learned by rote. Because if you just do that, you risk sounding like an unemployable robot. You also risk not getting a job with perhaps the... Read More >

Rihanna, Hillary, and JLaw: Hardworking Women of the Week

by Derek Loosvelt  |  October 14, 2015

Although there were many haters (in the comments section) of filmmaker and author Miranda July's New York Times piece on music icon Rihanna, I found it to be one of the better celebrity interviews I've come across in a long time. And what struck me most about the interview, along with the satirical approach July seemed to take when executing the all too often bland and formulaic celebrity Q&A, was the fact that Rihanna is likely working harder than all of us. And she Read More >