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

All's Fair in Love, War, and Layoffs

by Derek Loosvelt  |  November 02, 2012

Although 25 consecutive months of job growth suggests that the economy is getting back on its feet, that doesn't mean there aren't scores of people still losing jobs by the day, if not the minute. And perhaps nowhere is that happening in greater numbers than on Wall Street. Of course, given that Wall Street is largely responsible for putting the U.S. economy into its unemployment mess in the first place (not to mention that many lives have recently been devastated by Superstorm Sandy),... Read More >

6 Trickiest Interview Questions and How to Nail Them

by Derek Loosvelt  |  October 17, 2012

Guesstimates and brainteasers are two types of interview questions commonly asked by Wall Street firms, consulting firms, and tech firms. They're also the types of questions that can make or break an interview. Which means you better know how to prepare for them as well as how to nail them. To that end, the first rule of guesstimates and brainteasers is there are two types of wrong answers: the random guess and giving up. The second rule is interviewers, in asking these questions, are... Read More >

3 Interview Tips From Johnny Ramone

by Derek Loosvelt  |  October 10, 2012

You might be surprised to learn that the late Johnny Ramone of the legendary band the Ramones was a raving Republican*. You might also be surprised to learn that Johnny preferred milk and cookies to drugs and alcohol, and watching ESPN SportsCenter to cavorting with groupies. Not to mention that he was responsible for carefully crafting the Ramones' stripped-down image, and that the leather-jacket-and-ripped-jeans-wearing ex-punk rocker has much to teach the buttoned-up set when it comes to... Read More >

A Case For More CEO Tweets

by Derek Loosvelt  |  September 26, 2012

Marissa Mayer does it. Richard Branson does it. Even Rupert Murdoch does it. That is, all three of these CEOs tweet. They are, though, in the minority. Currently, less than 5 percent of chief executives have an active Twitter account. Meanwhile, 35 percent of Americans are now actively tweeting. So, the question begs: why aren't more chiefs sending out 140-character messages and racking up followers by the thousands? The easy answer is there's too much downside. As we saw in recent weeks... Read More >

3 Takeaways From Romney's Video Gaffe

by Derek Loosvelt  |  September 19, 2012

Earlier this week, Mitt Romney had some explaining to do when a video surfaced of him of speaking at a private fundraiser this past May, saying that 47 percent of Americans "are dependent upon government, believe they are victims, believe the government has a responsibility to take care of them, believe they are entitled to health care, to food, to housing, to you name it … These are people who pay no income tax … and so my job is not to worry about those people. I'll never convince them... Read More >

Obama’s Advice for Would-Be CEOs

by Derek Loosvelt  |  September 12, 2012

From January through June of this year, Michael Lewis, a former bond trader and author of numerous highly acclaimed books, including The Big Short, Moneyball, and Liar's Pokers (for which Lewis recently wrote a film script), was given nearly unparalleled access to President Barack Obama. Lewis shadowed Obama in the White House, on Air Force One, even on the basketball court. And, in a more than 13,000-word article entitled "Obama's Way" in the October issue of Vanity Fair, Lewis writes about... Read More >

Which Wall Street Bank Treats Its Employees Best?

by Derek Loosvelt  |  September 06, 2012

In Vault's 2012 Banking Survey, along with prestige, 3,500 banking professionals were asked to rate their own firms on a scale of 1 to 10 in several quality of life categories, including compensation, benefits, hours, work/life balance, international opportunities, training, overall job satisfaction, and business outlook, among others. Vault averaged the scores for each firm in each category and ranked the top 20 firms. And, for the second year in a row, Houlihan Lokey dominated the Quality... Read More >

Goldman Sachs Named Most Prestigious in Vault Rankings

by Derek Loosvelt  |  September 06, 2012

Approximately 3,500 investment banking professionals took the annual Vault Banking Survey this past spring. During the survey, professionals were asked to rate investment banks on a scale of 1 to 10 based on prestige (they were unable to rate their own firm, and were asked only to rate firms with which they were familiar). And for the 13th straight year, banking professionals named Goldman Sachs the most prestigious bank in North America. Professionals also named Goldman No. 1 in... Read More >

2013 Vault Banking Rankings Are Here!

by Derek Loosvelt  |  September 04, 2012

Vault has been ranking the top investment banking firms in North America for nearly 15 years, and in Europe for the past six. When we began ranking banks, we only ranked firms in terms of prestige-reputation as perceived by professionals at other banks. More recently, we've included "quality of life categories" such as compensation, culture, work hours, treatment by superiors, training, overall job satisfaction, work/life balance, and business outlook, among others. In these categories,... Read More >

Will J.P. Morgan Keep the 'Best Bank to Work For' Title?

by Derek Loosvelt  |  August 29, 2012

A week from today, Vault will release its annual Vault Banking 50, a ranking of the best investment banks to work for in North America. The rankings are based on our annual Banking Survey, which was administered this past spring to some 3,500 banking professionals at all levels in various investment banking units. And so, as the date approaches to reveal which bank is considered the best to work for, I thought it a good time to look back at last year's rankings and a few key events that have... Read More >