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

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 >

Thanks to Goldman, Wall Street Work-Life Balance Is Better Than Ever

by Derek Loosvelt  |  August 19, 2015

Due to a couple of recent high profile banker suicides that were apparently connected to brutal work schedules, you wouldn't think that working hours and work-life balance are getting better on Wall Street. However, according to the results of Vault's latest Banking Survey, that's exactly what's happening. And, in fact, now in investment banking, satisfaction with respect to work hours is at a five-year high, and work-life balance satisfaction is at an all-time high. Earlier this summer,... Read More >

The Problem with Netflix’s Parental Leave Policy

by Derek Loosvelt  |  August 05, 2015

Let's say you're a 30-year-old woman and you're 22 weeks pregnant with your first child. Now let's say you work for Netflix, which just announced a new maternity and paternity leave policy that allows new mothers and fathers alike the ability to take as much paid parental leave as they want during their child's first year of his or her life. And so, as that young woman, when push comes to push push push, and you're in the midst of deciding how much paid maternity leave Read More >

How I Learned to Code and Start Making Six Figures

by Derek Loosvelt  |  July 29, 2015

There are two main schools of thought when it comes to technology's effects on our lives. One is that technology (and advances in technology) make our lives easier and perhaps better, giving us more information and more updated information, connecting us in ways we couldn't have dreamed of just a decade or two ago. The second is that our lives are run by technology, that we're nothing but slaves of and to technology-a bunch of smartphone addicts who can't help but binge on social media and... Read More >

Is the Constant Connection to Our Jobs Melting Our Children’s Minds?

by Derek Loosvelt  |  July 15, 2015

Here's a scene you can witness at any number of New York City restaurants any night of the week: A mother sits down with her two young kids, and before menus are brought out, the mother hands the kids matching iPads. The kids then proceed to play video games through their entire meal, looking up just once or twice from their respective screens, only to drink some water or fill their mouths with food they're too busy to taste. Meanwhile, during her meal, the mother has her face locked onto... Read More >

Pros and Cons of the Uberization of Work

by Derek Loosvelt  |  July 13, 2015

Today, nearly one in five jobs is performed by a part-time independent contractor or freelancer. That's a 60 percent rise versus the number of jobs that part-timers held 15 years ago. This change in how we work has sometimes been referred to as the "gig economy." And recently, it has also been referred to as the "Uberization" of the workplace, named after the ride sharing company Uber, which employs 4,000 full-timers and 156,000 part-timers-that is, only 2.5 percent of the people who rely... Read More >

Debating the Affordability of an Undergraduate Degree

by Derek Loosvelt  |  July 06, 2015

With the cost of college and thus student loan debt rising to ridiculous levels, there are many who believe an undergraduate degree is no longer worth pursuing. And that includes the very wealthy and very well educated. Take Peter Thiel, for example. Thiel is a big swinging PE investor and hedge fund manager who has two degrees from Stanford, co-founded PayPal, was Facebook's first external investor, and, at latest count, is worth well over $1.5 billion. H Read More >

Are Cruel CEOs Better Leaders?

by Derek Loosvelt  |  June 29, 2015

It's been well documented that many of today's great film directors are considered to be, to put it nicely, "difficult to work with." As evidence, there's the widely watched clip of David O. Russell going bonkers on the set of I Heart Huckabees, the stories about Lars von Trier emotionally pushing his actors so far that some believe he's trying to e Read More >

3 Leadership Lessons From Obama's Talk With Marc Maron

by Derek Loosvelt  |  June 24, 2015

Although a lot of web, print, and air space has been devoted to a certain word beginning with the letter N that President Obama used while a guest on Marc Maron's WTF podcast last Friday, there was so much more in the interview worth highlighting and remembering. For more than an hour, Obama spoke candidly with Maron on a variety of issues, including racism in America, the Af Read More >

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 >