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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

Which Big 4 Firm is Most Prestigious?

by Derek Loosvelt  |  January 17, 2013

Vault is currently conducting its annual Accounting Survey, which asks thousands of accounting professionals at the top firms in the industry to rate their own firms in a variety of "quality of life" categories, including compensation, culture, hours, work/life balance, training, and diversity. The survey also asks professionals to rate their competitor firms in terms of prestige. To that end, last year, PricewaterhouseCoopers ranked No. 1 in Vault's prestige rankings. PwC edged out Ernst... Read More >

Alabama's Nick Saban and the Art of Micromanagement

by Derek Loosvelt  |  January 09, 2013

The term "micromanagement" typically conjures images of obsessive compulsive bosses hovering over desks, checking the clock to monitor their employees' arrival and departure times, holding meeting after meeting, and constantly emailing their underlings to ask, "Are you done yet?" However, micromanagement, in essence, is not a negative tactic. In fact, it can be both positive and effective. And perhaps no other American manager working today micromanages with greater success than the head... Read More >

CEO of the Year

by Derek Loosvelt  |  January 02, 2013

My first interview for a post-college, full-time job took place many moons ago high in the sky inside the then-headquarters of insurance giant American International Group, better known as AIG. In what was only my second visit to New York City, I remember getting out of the subway at the Wall Street station, not far from where the illustrious, 66-story building on 70 Pine is located and, in Hollywood movie fashion, staring skyward, terrified, both of my imminent interview and of the building... Read More >

'Twas the Night of the Company Holiday Party

by Derek Loosvelt  |  December 12, 2012

Oh how I miss the late, great, wet and wild Wall Street annual holiday soirees. The sweaty analysts huddled around bottles of Grey Goose and Jack. The pretentious associates, fresh out of HBS, sipping Cabernet and Syrah. Hot-shot prop traders shooting everything in sight. Admins dressed to the nines. Fois gras appetizers. Prime rub bathed in au jus. C-Suiters raising, ever so slightly, flutes of Moet to multimillion-dollar bonuses and stock-price hikes that even impressed the Oracle of... Read More >

5 Biggest Hiring and Firing Stories of 2012

by Derek Loosvelt  |  December 05, 2012

The past year was a tumultuous one in C-suites across the country. Several scandals and billions of dollars in losses meant that many CEOs were shown the door. But there were also some bright spots at the top of org charts, most notably in the tech sector, where two women were finally given their just deserve. And in the world of politics, we watched (and salivated over) many a dogfight which, despite their lack of beauty, were never dull. In any case, below are the five biggest hiring and... Read More >

Why Wall Street Women Hate Quotas for Women

by Derek Loosvelt  |  November 28, 2012

For the past several months, controversy has been brewing across the Atlantic about the possibility of the European Commission imposing gender quotas upon company boards. In fact, it's possible that certain European companies will soon be required to have 40 percent of their board seats occupied by women. Which, at a glance, might sound like a good idea. That is, why not force firms that are most definitely not embracing female diversity to place a significant number of women in senior roles... Read More >

Who Wants to Work for the Winklevoss Twins?

by Derek Loosvelt  |  November 14, 2012

Tyler and Cameron Winklevoss, the identical twins from Harvard who famously sued their former classmate Mark Zuckerberg for $140 million and received $65 million in their settlement with the Facebook CEO, recently broke ground on a venture capital firm called Winkelvoss Capital. To date, Winklevoss Capital has secured an office space in the Flatiron neighborhood of Manhattan, and invested in two start-ups: Hukkster, a discount shopping site, and SumZero, a website that brings together money... Read More >

Interview Like a Two-Term President

by Derek Loosvelt  |  November 06, 2012

Although it's impossible to point to a single moment when Barack Obama jumped out in front of Mitt Romney during the presidential race, never to look back, I'd argue that that moment occurred during the third presidential debate, supposedly focused on foreign policy. Romney, during a discussion of Iran and Israel, as he'd done in all three debates to rather good effect, gave a clear overview statement about his position before saying he had a several-step plan in place to implement that... Read More >

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 >

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