Derek Loosvelt

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

Why You Shouldn't Even Tell White Lies in Interviews

by Derek Loosvelt  |  February 13, 2017

One way to stumble in an interview is to lie. And often, we don't intend to lie in interviews but find ourselves doing it almost reflexively, answering a question how we think it should be answered as opposed to how we'd answer it if we were being 100 percent honest. The truth is, it's very likely that your interviewer can smell even the whitest of lies from several cubicles away, so it's always best to give an honest answer, even if you think it might not be the one your interviewer is... Read More >

Will Wall Street Careers Rise or Fall in Prestige Under Trump?

by Derek Loosvelt  |  February 08, 2017

In 2008, when the subprime mortgage-backed securities hit the fan, Wall Street firms faced financial disaster as well as a PR nightmare. In the wake of the Great Recession, many Wall Street banks suffered losses in the billions, some banks went under or were fire-sold to competitors, and the firms that Read More >

4 Things to Do for Black History Month on Your Daily Commute

by Derek Loosvelt  |  February 06, 2017

Black History Month rarely gets the attention it deserves. Too often, February comes and goes without companies and their employees spending much, if any, time celebrating this essential piece of America's history. And so, to take matters into your own hands, below I offer a place to start when it comes to venturing out on your own to school yourself in this often harrowing but ultimately enlightening part of U.S. history. As a side note, I promise that if you do "do" the below, you'll not... Read More >

How Trump's Immigration Ban Affects Universities and Students

by Derek Loosvelt  |  January 31, 2017

Today there are more than 16,000 students studying in the U.S. who are citizens of one of the seven countries named in President Trump's immigration order. A majority, some 12,000, are in graduate school. And it's a safe bet that most of these undergrad and grad students, if not all of them, are incredibly anxious about their futures thanks to the ban. To fully understand just how anxious, I urge you to read the executive order in its entir Read More >

10 Job Search Tips for International Students for 2017

by Derek Loosvelt  |  January 30, 2017

As 2017 began and a new administration took over in Washington, D.C., many international students were understandably anxious about their job prospects. Then, this past Friday, President Trump's executive order on immigration made an already tense situation for these students even more uncertain.  And so, to shed some light on the steps international students can be taking now to achieve their ultimate job search goals, Vault again reached out to inter Read More >

Which Top Firms Responded to Trump's Immigration Ban and Which Didn't?

by Derek Loosvelt  |  January 30, 2017

This past Friday, while many of us were finishing up our workweeks, composing our last emails, sending our last Slacks, a small group of people that included President Trump were working behind closed doors in Washington, D.C., to get out and then sign an extremely confusing and controversial so-called executive order on immigration. The Read More >

Female CEOs and Goldman Sachs' 'Trump Bump'

by Derek Loosvelt  |  January 25, 2017

Is the world ready for a woman to be the CEO of a giant global bank? The short answer is no. The long answer is noooooooooooooo. I kid. In fact, the long answer is a three-part answer from Megan Butler, the supervisor of the U.K. Financial Conduct Authority, a financial regulator in the U.K. which aims "aim to make financial markets work well so that consumers get a fair deal." Earlier this week, in London, Butler spoke at something called the City &a Read More >

Are You, Like, Saying Something Without, Like, Knowing That It's, Like, Hurting Your Career?

by Derek Loosvelt  |  January 20, 2017

My bet is anyone born during the 1970s likely does it at least 10 times a day. Anyone born during the 1980s likely does it at least 20 times a day. And anyone born after 1990 probably has no clue that they do it close to 100 times a day. What I'm referring to is using the word "like," and using it incorrectly at that. And, like, it is not such a good thing. In fact, it is likely, like, hurting you in, like, interviews, meetings, and, like, pretty much any other work-related setting where... Read More >

How to Stop Worrying About the Future and Learn to Love Your Job

by Derek Loosvelt  |  January 18, 2017

Today, 66 percent of employees are unsatisfied with their jobs. And as it turns out, the unsatisfied have no one but themselves to blame. At least, that's what Ayelet Fishbach, a behavioral science and marketing professor at Chicago's Booth School of Business, has come to conclude. In a recent study, Fishbach spoke with numerous unhappy employees and found that it was their own poor judgment that put them into unsatisfying work situations. People send résumés and g Read More >

Why Amazon's Creating 100,000 New Jobs and How You Can Get One

by Derek Loosvelt  |  January 17, 2017

It was mostly good news when, last week, Amazon announced it would be creating 100,000 new jobs in the U.S. over the next 18 months. I write mostly because while the spike in retail jobs at Amazon was positive for all the prospective Amazonians and for the online retail sector as a whole, the announcement also highlighted the loss of thousands of jobs in the old brick-and-mortar retail space. For example, it brought back to the news the fact that Macy's is sacking 10,000 employ Read More >

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