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

How to Answer the 'What Do You Like Least About Your Current Job?' Interview Question

by Derek Loosvelt  |  March 13, 2019

Many questions you receive in interviews are more than what they seem on the surface. One such question is "What do you like least about your current (or previous) job?" Here are five tactics for tackling this seemingly simple but, in reality, quite complex interview question. 1. Understand what this question is asking before you try to answer it. When asking you this question, your interviewer could be tryi Read More >

5 Words Never to Use in a Cover Letter

by Derek Loosvelt  |  February 12, 2019

If you're a copy editing nerd like I am, you'll be very pleased to know that there's a really interesting NPR Fresh Air podcast now available that just might change the way you think about writing cover letters, thank-you letters, and other rather formal (and quite painful) business and career correspondence. The subject of the podcast is Benjamin Dreyer, the copy chief of book publishing giant Random House. Dreyer, who has copy edited books by major authors such as E.L. Doctorow Read More >

3 Interview Mistakes You Don't Know You're Making

by Derek Loosvelt  |  January 25, 2019

I've spent many years on both sides of the interviewing table. I've interviewed for many positions, and I've interviewed many people for many positions. As an interviewee, I've made many mistakes. I've been unprepared, I've overshared, I've mumbled through answers, I've stumbled through answers, I've spoken too much, I've spoken too little, I've oversold myself, I've undersold myself, and I've made a host of other mistakes, too. And as an interviewer, I've witnessed all of these mistakes,... Read More >

4 Tips for Corresponding with Recruiters

by Derek Loosvelt  |  January 18, 2019

Today, many recruiters use LinkedIn to reach out to job candidates when trying to fill open positions. This means you better know the right way to respond if you receive such a message. So here are several things to keep in mind when corresponding with recruiters. 1. Always be gracious and never ghost Even if the position you've been contacted about doesn't interest you, be gracious. Thank the recruiter and be honest. Tell them something like "I Read More >

Should International Students Cheer or Fear the New H-1B Visa Lottery Rule?

by Derek Loosvelt  |  January 15, 2019

In late 2018, U.S. Citizenship and Immigration Services proposed a new rule that would change the way H-1B visas are allotted. Under the new rule, the H-1B lottery would give preferential treatment to international students with advanced degrees. To shed light on the potential impact of the rule on international students seeking to work in the U.S., Vault spoke with international student career expert Marcelo Barros. Below is an excerpt from that conversation. Vault: Can you briefly... Read More >

This Trick Will Help You Fight Phone Addiction at Work

by Derek Loosvelt  |  November 28, 2018

Let's face it, most of us are addicted to our phones. We mindlessly scroll through Instagram. We check our email three times a minute. We look at Facebook, Twitter, news feeds, and other apps way more than our eyes and brains can handle. And yet we do nothing to fight against this addiction. Or, next to nothing. In other words, we're wasting valuable time at work. I'm addicted, too. And for my phone addiction, I've tried many different things. I've tried leaving my phone at my desk when I... Read More >

5 Ways Amazon's NYC HQ Will Affect the City's Workforce

by Derek Loosvelt  |  November 14, 2018

After last week's rumors, now it's official. Amazon will be splitting its HQ2 into two: one of its new headquarters will be located in New York City and another will be in Arlington, Virginia. The contest among cities to win the Amazon HQ bidding was certainly a heated one, with cities throwing billions of dollars in tax incentives Amazon's way. It was also a contest that some say was nothing more than a Read More >

The Single Most Important Perk a Company Can Offer

by Derek Loosvelt  |  November 06, 2018

Today is Election Day, which means you've a) voted, b) will vote, c) will abstain from voting, or d) won't vote because you're unable to make it to the polls. If you're in the A or B camps, then I commend you on caring about the future of your planet, country, state, county, and city. If you're in the C camp, then I urge you to reconsider your position, finding out  Read More >

6 Tips for Deciding Which Investment Banking Offer to Accept

by Derek Loosvelt  |  September 24, 2018

When it comes to internships, at some firms "what you see is what you get," meaning the summer intern experience matches the full-time experience. At other firms, the summer experience is a "watered down" version of the full-time experience, giving the impression that a full-time role isn't as fulfilling or demanding as it really is. So, before deciding on which full-time investment banking offer to accept, make sure you understand the difference, and that you know the answers to questions... Read More >

This Counterintuitive Interview Trick Could Help You Land the Job

by Derek Loosvelt  |  September 18, 2018

In interviews, one of the most important things you're judged on is your honesty. Interviewers can smell a lie (and a liar) from several cubicles away. And so, perhaps above all else in interviews, you need to remember never to lie; don't even tell little white lies. Another important thing to remember is that in any interaction among humans, a little vulnerability goes a long way. Which is to say, no one likes a know-it-all, and no one likes someone who doesn't seem Read More >

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