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

My Advice for the Class of 2016

by Derek Loosvelt  |  May 23, 2016

There's a sentence in Don DeLillo's new novel, Zero K, his 16th, that I've been thinking about nearly every hour since first coming across it last week. The sentence comes about one-fourth of the way into the book, and is a line spoken by a character who's co-created a sort of cryogenic chamber, a place where people die and then are preserved in death in hopes of being resurrected in the future when technology has advanced far enough so that human immortality is no longer a dream Read More >

What Millennials Really Want According to Millennial Consultants

by Derek Loosvelt  |  May 18, 2016

A few years ago, I was in a meeting with several recruiters and HR personnel at a big Wall Street bank. The employees at the bank (which will go unnamed) openly expressed frustration with their inability to communicate with young job candidates-so-called millennials. At the time, I was surprised at how candid the bank was about its lack of understanding of how to connect with the younger generation. And, in hindsight, I'm impressed with its foresight, because being able to communicate... Read More >

Former Most Powerful Woman on Wall Street Leaned In So Far It Almost Killed Her

by Derek Loosvelt  |  May 16, 2016

Once upon a time, required reading for entry-level Wall Street bankers and traders included Liar's Poker, Michael Lewis's inside account of the bond trading madness at Solomon Brothers; Den of Thieves, Pulitzer Prize-winner James B. Stewart's insider-trading best seller which made Boesky and Milken households names; and Barbarians at the Gate, Bryan Burrough and John Helyar's play-by-play of the RJR Nabisco LBO which brought private equity giant KKR to the masses (and which was made into an... Read More >

Key Ingredients for Startup Success

by Derek Loosvelt  |  May 09, 2016

For every Instagram, there are nine Friendsters. That is, nine out of 10 startups fail. Although what it takes for startups to succeed is thought to be more art than science, a study conducted by the venture capital firm First Round found that certain factors seem to be strongly correlated with startup success. The study, called the 10 Year Project, looked at 300 startups and 600 startup founders. The results of the Project were recently featured by Read More >

The Studly Second Careers of American Pharoah and Jared Leto

by Derek Loosvelt  |  May 04, 2016

I'm rarely this forward, but since there are so many fine-looking sentences in Joe Drape's New York Times article about the second career (that is, the stud life) of Triple Crown Winner American Pharaoh, I'm going to require that you read it in its entirety right this very instant (if you haven't yet clicked on the aforementioned link, you can do so now). Okay, now that you're done reading (incidentally, in the time that it took Read More >

How to Be Mindful at Work Without Meditation

by Derek Loosvelt  |  April 25, 2016

Before we get into how to be mindful without meditation, let's see how mindful you currently are with a little test. The below comes from Matthew E. May, the author of Winning the Brain Game: Fixing the 7 Fatal Flaws of Thinking. May, whose new book will be available at the end of May, recently wrote an enlightening New York Times piece on Read More >

Why Millennials Refuse to Work for Big Banks

by Derek Loosvelt  |  April 11, 2016

It's that time of year again: when private equity firms start poaching investment banking analysts with less than 10 months of experience on the job. "These kids don't even know where the restroom is yet," a recruiting coordinator at one of the big U.S. banking firms told me recently, "and they're already signing contracts to leave." PE poachers aside, Wall Street banks have bigger problems on their hands: they're losing talent to the tech industry. Some of this talent is leaving after... Read More >

The Golden Rule of Interviews

by Derek Loosvelt  |  April 04, 2016

Interviews are stressful, fear-inducing, sweat-inducing, mostly unpleasant affairs. And so, when you're on the other side of the desk-in the interviewer's seat-you shouldn't forget this. That is, when interviewing someone, you should treat your interviewee like you'd want to be treated if you were the one being interviewed. To that end, I found the below advice about how to best begin an interview that you're conducting to be both relieving (to the interviewee in me) and right on (to the... Read More >

Are Flexible Hours Helping or Hurting Us?

by Derek Loosvelt  |  March 30, 2016

For better or worse, we can now work anywhere. We carry smartphones and tablets with us everywhere. There's nowhere our employers and clients can't reach us. And there's nowhere we can't reach our employers and clients. Some of us like this arrangement. We can get home in time to have dinner with our children. We can meet our significant others and Tinder dates for happy hour. We can attend our daughter's basketball games, our friends' engagement parties. However, some of us don't like to... Read More >

Answering the 'Failure' Interview Question

by Derek Loosvelt  |  March 28, 2016

If you've been following the NCAA Basketball Tournament, you know that there are only four teams left. This means that 64 of the 68 teams selected to play in the tournament have lost, and thus, in some way, 64 teams have failed. Soon, three teams of the so-called Final Four will also lose and thus will also fail. Which means that 67 teams or approximately 1,340 people (each team includes about 15 players and five coaches) will experience some level of failure when the final shining moment... Read More >