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

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 >

Career and Life Advice from Glamsquad CEO and Gilt Co-Founder

by Derek Loosvelt  |  October 12, 2015

Alexandra Wilkis Wilson, the subject of the latest New York Times Corner Office column, is a Harvard graduate and former investment banker turned very successful entrepreneur. She co-founded the wildly successful online discount retailer Gilt, and is now on her second venture Read More >

Where the Tech Jobs Are and Aren't

by Derek Loosvelt  |  September 30, 2015

The West Coast has Silicon Valley. The East Coast has Silicon Alley. So what would you call a tech hub on the Third Coast? The Silicon Freeway? Silicon Pot-holed Avenue? I ask because Amazon believes that Detroit-America's new favorite underdog-can become the next big technology hub. In fact, the company's Read More >

Who Will Burn for Volkswagen's Dirty Diesel Deeds?

by Derek Loosvelt  |  September 23, 2015

I continue to follow the Volkswagen emission test cheating scandal with equal parts shock and disgust. I'm shocked and disgusted by how a supposed upstanding company like VW (at least, that's the image I had of the world's second largest automaker; perhaps I was brainwashed by one too many of its clever and quirky TV ads) could go to such lengths not to provide a better product but to cheat consumers and the world at large-pollution equa Read More >

50 Best Banking Firms to Work For

by Derek Loosvelt  |  September 08, 2015

Follow me on Twitter. Read More:Thanks to Goldman, Wall Street Work-Life Balance Is Better Than EverIs Wall Street Getting Less Diverse?Read More >

Is Wall Street Getting Less Diverse?

by Derek Loosvelt  |  September 02, 2015

Recently, I wrote about the improving work/life balance and work hours on Wall Street. To recap: based on Vault's latest Banking Survey of 3,000 investment banking professionals, respondents rated their work/life balance and satisfaction with respect to work hours much better than they did last year. In fact, nearly across the board, in 19 of 20 quality of life categories in which we asked bankers to rate their own firms, scores were higher this year Read More >

What We Brag About When We Brag About Long Hours

by Derek Loosvelt  |  August 24, 2015

I have a friend who's a serial entrepreneur and whose latest entrepreneurial venture, his tenth or eleventh, has proven to be "the charm." Previously, he ran businesses in real estate, apparel, and hospitality; some of which did well, while others went bust quickly. But his latest, in health and wellness, has made him a millionaire. That is, now, for the first time in his career, he's earning north of $1 million a year. He's also enjoying his work more than ever (perhaps more than a little... Read More >