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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

Accounting Is Least Romantic Industry, According to Survey

by Derek Loosvelt  |  February 14, 2013

Accounting isn't known as a particularly sexy industry. And perhaps underscoring this lack of sex appeal, accounting was found to be the industry with the fewest office romances, according to results of Vault's 2013 Office Romance Survey.  In fact, only 36 percent of accountants who took the survey reported having had a tryst with a coworker. Compare that to the industries with the most office romances: energy (75 percent say they've had an office romance), insurance (72 percent), retail... Read More >

Is Love All You Need For Job Success?

by Derek Loosvelt  |  February 13, 2013

This past weekend I caught a clip of an old Radiolab interview with author and speaker Malcolm Gladwell. The interview, which originally aired on WNYC in 2010, covers, among other topics, genius-specifically, what it takes to become a so-called genius in a certain pursuit, whether that pursuit be an intellectual or a physical one. And I found the most interesting, arresting, and moving part of the interview to be about love. According to Gladwell, who's done a lot of research in the areas... Read More >

The Dark Side of Accounting

by Derek Loosvelt  |  February 06, 2013

It's no secret that workweeks at Big 4 accounting firms, as well as at the Big 4's nearest competitors, can be pretty long and stressful, especially during busy season. It's also no secret that in the past few years the Big 4 (Deloitte, PwC, KPMG, and Ernst & Young) and the biggest mid-sized firms have been trying to improve their employees' so-called work/life balance, offering more flex-time options, better compensation, and more congenial working environments, all in order to lessen... Read More >

How Gay-Friendly Are the Big 4 Accounting Firms?

by Derek Loosvelt  |  January 30, 2013

Although accounting isn't the first industry you think of when you think of liberal, open, accepting workplaces, it's now relatively open and accepting of minorities into its ranks, and even more gay-friendly than you might guess. Which doesn't mean there's still not a lot of progress to be made when it comes to diversity in the industry, both at the Big 4 (Deloitte, PwC, KPMG, and Ernst & Young) and at the mid-sized accounting firms. With respect to the current state of diversity in... Read More >

Lives of Spies: CIA Internships and Full-Time Jobs

by Derek Loosvelt  |  January 23, 2013

For better or worse, the Central Intelligence Agency is currently having its 15 minutes of fame. Showtime's "Homeland," which follows the unstoppable, bipolar, CIA sleuth Carrie Mathison, played magnificently by American actress Clare Danes, has been racking up the Emmys and Golden Globes, not to mention the viewers, by the millions, since hitting the airwaves in the fall of 2011. And Academy Award-Winning Director Kathryn Bigelow's new film, "Zero Dark Thirty," which tracks an equally... Read More >

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 >

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