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

Can Companies Save Money By Paying Their Employees More Money?

by Derek Loosvelt  |  January 01, 2017

Have you ever wondered why Trader Joe's employees are always so cheerful and helpful? If so, here's New Yorker financial columnist James Surowiecki with the answer: A substantial body of research suggests that it can make sense to pay above-market wages-economists call them "efficiency wages." If you pay people better, they are more likely to stay, which saves money. Better-paid employees tend to work harder, too … As the authors of a just published study of pay and performance in a hotel... Read More >

Take the PLAT (Parental Leave Aptitude Test)

by Derek Loosvelt  |  January 28, 2015

Last week, in his latest State of the Union Address, President Obama noted that the U.S. is just one of a few industrial nations in the world without laws mandating paid parental leave for employees. This had me wondering: Which are the other two countries that don't mandate paid leave to parents? Which countries offer the most paid leave? And which companies here in the U.S.-despite not having to legally provide any paid leave (that is, not receiving government subsidies to help pay for... Read More >

Thanks to Harvard Alum, Juilliard Gets a Career Services Center

by Derek Loosvelt  |  January 22, 2015

Today, New York City's Juilliard School, the renowned dance, drama, and music conservatory, announced that it has received a $5 million donation to create the Alan D. Marks Center for Career Services and Entrepreneurship. It will be the school's first official career services center. According to the New York Times, the center "will incorporate business skills into the Juilliard Colloquium course; offer intensive sessions on business, marketing a Read More >

Yahoo Chairman Maynard Webb to Job Candidates: "Dudes, Where's Your Self-Awareness?"

by Derek Loosvelt  |  January 07, 2015

When Yahoo Chairman Maynard Webb interviews you, he doesn't just probe your past for things like extracurricular activities, teamwork skills, and ability to overcome difficult situations; he also wants to get a sense of your level of "self-awareness" and "openness." In fact, here's a two-part question Webb uses while probing prospective employees: "Six months from now, we're going to know each other very well. W Read More >

10 Biggest Workplace Stories of 2014

by Derek Loosvelt  |  December 17, 2014

It was the year of distressed babies, flash boys, and underpaid women. It was the year of frozen eggs, racist statements, income inequality, and the openly gay CEO. It was the year that Wall Street got soft, and the year that an unknown schoolteacher in China who hatched a company in his tiny apartment became a multi-billionaire in the largest IPO in history. It was 2014. And here are your 10 biggest workplace stories of the year. 10. Michael Lewis Exposes Yet Another Dark Side of Wall... Read More >

Medical Marijuana Is Coming to NYC—and Needs Finance, Legal, and Health Care Talent

by Derek Loosvelt  |  December 10, 2014

A few weeks ago, I had the opportunity to speak with Ari Hoffnung, a former Wall Street banker turned public servant turned medical cannabis entrepreneur. For more than a decade, Hoffnung worked at Bear Stearns, where he was a managing director. Not long after Bear imploded in 2008, Hoffnung went to work for the City of New York as deputy comptroller. After a five-year stint in public service, Hoffnung founded Fiorello Pharmaceuticals, whose mission is to "provide patients suffering from... Read More >

The Most Powerful Woman in the World and the Science of Her Success

by Derek Loosvelt  |  December 03, 2014

One of the most interesting details packed into the recent 15,000-word New Yorker profile of German Chancellor Angela Merkel is the fact that Merkel, widely considered to be the most powerful woman in the world, studied physics and earned her doctorate in quantum chemistry. This scientific background of Merkel's interested me so much that it led me to research the academic and work experience of the 43 men who've served as President of the United States. And what I found is that, before... Read More >

What the New York Times Failed to Mention About Goldman Sachs' Tech Employees

by Derek Loosvelt  |  November 19, 2014

Last week, the New York Times published an article entitled "Goldman Sachs Recasts Its Reputation to Woo Tech Talent." The gist of the piece was that Goldman, the former vampire squid and face of greed and hubris on Wall Street, has put Read More >

Internship Candidates Care More About Pay Than Career Advancement

by Derek Loosvelt  |  November 12, 2014

With 40 percent of all entry-level full-time hires now being sourced from internship programs, you'd think that the most important factor to college students when choosing an internship would be full-time employment prospects. But that isn't the case at all. In fact, the two most important factors to students are these: location and pay. Earlier this year, Vault administered its annual Internship Experience Survey to 5,800 interns at 100 different internship programs. Along with asking t Read More >

Careers in Cannabis: From Wall Street to High Street

by Derek Loosvelt  |  November 04, 2014

Five or six years ago, if you had told employees of the New York-headquartered High Times that some day in the not so distant future there would be a $300 million private equity fund named after and run by their counterculture publication, they likely would've told you to "stop bogarting the joint, man." Even so, you would've been correct, because today everyone and their mother's dealer is looking to cash in on what is being billed as the coming "potcom boom"-that is, legal dope is coming... Read More >

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