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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

Should NBC Have Fired Brian Williams?

by Derek Loosvelt  |  June 22, 2015

Lord knows I've lied, and chances are I've conflated, but I'm still finding it very difficult to find any sympathy for newsman Brian Williams, or for his employer, NBC/MSNBC. Williams, after a six month suspension from his job for, according to him, "conflating" his part in certain news stories, was ousted from his NBC Nightly News anchor position but given a breaking news correspondent post at MSNBC; he'll also be able to fill in for his anchor replacement, Lester Holt, at NBC when neede Read More >

Goldman's New No Work After Midnight Policy

by Derek Loosvelt  |  June 17, 2015

Years ago, back when I worked as a freelancer, there was this bar in Lower Manhattan that I frequented due to its notoriously good Sunday night happy hour, which actually began on Monday morning, that is, it began at the stroke of midnight-at 12 a.m. As I recall, this bar would be nearly empty on Sundays until about 11:56 p.m., at which point the place would begin to fill up and, by 12:03 a.m., there wouldn't be an open seat in sight. I mention this not to impress you with the perks of a... Read More >

Why More Women Aren't CEOs

by Derek Loosvelt  |  June 15, 2015

On July 1, KPMG's Lynne Doughtie will become the first woman to hold both the CEO and chairwoman positions at a Big 4 firm. Doughtie will join Cathy Engelbert, Deloitte's CEO, in the Big 4 C-Suite. And so, come July, half of the Big 4 will be run by women. To be sure, this is a sign of great progress with respect to gender equality in the workplace. Unf Read More >

Tricked-Out Cadillacs Are the New Corner Office

by Derek Loosvelt  |  June 10, 2015

You’ve probably heard about (if not ridden in one of) those vans equipped with Wi-Fi and other amenities that cart the average tech worker at Facebook and other companies to their respective jobs in Silicon Valley. But what about the big swinging managers at the top of those firms? What do they take to get to their corner offices in traffic-congested places like the Bay Area? As it turns out, more and more of them are getting in tricked-out Cadillacs< Read More >

Pros and Cons of Graduate Film School

by Derek Loosvelt  |  June 09, 2015

George Lucas went (to USC). Kathryn Bigelow went (to Columbia). And Ang Lee and Martin Scorsese both went (to NYU). But there are scores of other accomplished directors-including Quentin Tarantino, Christopher Nolan, the Wachowskis, and Miranda July-that never set foot inside a film school (except, perhaps, to screen one of their films). In order to determine whether or not you should attend graduate film school (assuming you want to enter the field of film and television), check out the... Read More >

Young Banker Loses Two Jobs Over One Email

by Derek Loosvelt  |  June 08, 2015

Poor Justin Kwan. The second-year Barclays banker thought he was merely making a harmless joke or two when he sent an email to the new class of summer interns with the subject line "Welcome to the Jungle" and including in its body the "10 Commandments" of the power and utilities banking group, of which he was a p Read More >

Disney’s Disgraceful Tech Layoffs

by Derek Loosvelt  |  June 04, 2015

I get that companies are in the business of making money and one of the ways to make money is to cut costs, but this move by Disney to layoff 250 tech employees in order to replace them with cheaper l Read More >

WARNING: Working on Wall Street Kills

by Derek Loosvelt  |  June 03, 2015

In the wake of two recent deaths of young Wall Street bankers, it seems a good time to revisit the subject of punishing hours in investment banking. In case you hadn't heard, earlier this week news spread about a 22-year-old Goldman Sachs analyst who'd fallen to his death in what appears to have bee Read More >

Does Hiring Based on 'Cultural Fit' Encourage Discrimination?

by Derek Loosvelt  |  June 01, 2015

My first job after graduating college was working as a financial analyst for an investment bank in New York. A couple weeks into that first job, one of the associates I worked with told me how the behind-the-scenes decision making process went in my hiring: The managing director of the group in which I worked wanted to hire another candidate with a higher GPA and better (more directly-related) internships. However, this associate, an alumnus of the same college I went to, as well as a... Read More >

The Wildest and Craziest (and Maybe Most Helpful) Commencement Speech of 2015

by Derek Loosvelt  |  May 27, 2015

Except for processed meat and pie, there's nothing America loves more than comebacks, underdogs, and crazy rambling acceptance speeches. Which means America must love Matthew McConaughey, the Texas-born actor who staged quite a career turnaround on his way to an Academy Award in 2014, and gave quite a strange speech upon accepting that award. More recently, the wild eyed and wild bearded McConaughey visited the University Houston to dole out some career advice to the graduating class of... Read More >

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