Derwin Dubose

Why I moved to Raleigh-Durham instead of New York City

// March 24th, 2008 // 1 Comment » // Blog, Career

The past two weekends have been really fun for me. I spent the Easter holiday in Columbia, SC, where my best friend Josh lives. The weekend before, four of my friends from college and I had a reunion in Harker’s Island, a small coastal community on the NC coast where one of my buds lives.

Spending time with them on their turf helped me notice that my closest college friends made similar choices for finding a place to start our careers. We moved to small-to-medium cities after college.

Many people in our college cohort, including my girlfriend, had an innate desire to move to the big cities (namely LA, NYC, and DC). But when I had to make that big decision, I turned down a job offer in NYC to work in North Carolina’s Research Triangle (pop. 1.5M).

It’s been one of the best decisions I’ve made, and here’s why:

It’s allowed me to save money. During college, I spent a summer interning in NYC. I spent $1250 for half of a room near Columbia University, which only left me about $800 for living expenses from my non-profit intern stipend. Subtract a few nights out per week — to keep up with my investment banking and law roommates — and I was eating off of the dollar menu at fast food chains to make ends meet.

I didn’t want to be broke like that again, and I didn’t have any parental resources to rely on like many twenty-somethings. My NYC job offer paid only $2,000 more than my Triangle offer, but the cost of living was roughly $13,000 more expensive.

I chose the more affordable option. My rent during my first year out of college in the Triangle was $1500/mo (split among three guys), and with lower entertainment costs, I’ve been able to save an average of 15% of my income.

It’s allowed me to buy a house. The housing crisis has created a buyer’s market in the Triangle, and there are plenty of affordable housing options that don’t exist in the larger cities. I left the apartment life last June and bought a townhome in downtown Durham. My mortgage for a 3BR townhome is the same as my DC friends’ rent for half of a room, the tax benefits of home ownership are incredible, and I have an appreciable asset at an early age.

I won’t stay in this area forever — probably for only 3-4 more years — but when I leave, I’ll hopefully be able to get a great return from selling my house to support a move elsewhere.

There are also state and federal programs that reward young professionals to buy (more details on those in a later post).

It allowed me to have excellent work experience. I’ve been fortunate enough to work in smaller shops that have allowed me to get a lot of experience I wouldn’t have gotten in the big firm I would have worked for in NYC. In the small offices, I have served as a catch-all and have learned about things outside of my area of specialty. Also, because of the smaller flood of twenty-somethings, the demand for young non-profit professionals is high in the area as well, so finding a job is a bit easier.

Living in smaller city isn’t perfect, though. There’s a lot of entertainment here but nothing compared to the bigger cities, though, and I don’t have a large concentration of college friends in the area, like my DC and NYC folks. Having a long-distance relationship is tough, too. I’m on the road a lot to visit people, especially in DC, and I have to make the effort to meet new people in the Triangle.

However, moving to a small-to-medium city is something I’d recommend to twenty-somethings, especially those in the non-profit community or those who don’t have parental support and need to build financial stability. It’s worked well for me and my friends.

Check out Kiplinger’s Seven Cool Cities, which include Raleigh, as places to start building.

Don’t use grad school to break into fundraising

// March 20th, 2008 // 1 Comment » // Blog, Career, Education, Fundraising, Non-Profits

In the last post, I suggested several professional development programs that young professionals should look at in order to build their credentials for a career in fundraising. In response, a friend of mine shot me an email this morning, questioning if grad school was an option to break into fundraising or get high-paying jobs in non-profits. This is definitely not the case. Grad school is not a smart option for millennials trying to break into the field.

There are a few professional degree programs in fundraising out there — Columbia and NYU to name a few. However, these programs don’t seem to provide anything that good work experience in fundraising and some professional development couldn’t — at a fraction of the cost.

As Penelope Trunk has pointed out several times, grad school isn’t something 20-somethings should rush into.

I would recommend that people wanting to break into the field pursue the professional development programs I listed in the last post and spend years working in the non-profit or political sphere to gain work experience and perspective on the fundraising world.

Now, some of us millennials are Covey-esque in our “begin with the end in mind” thoughts — we might not go to grad school now, but we like to think about what programs we should be applying to in the years to come. Heck, I have GMAT, LSAT and GRE books on my bookshelf, just so I’m prepared for whatever program I decide to apply for in the future.

If after working in the field for five years you are truly interested in making fundraising your career, a graduate degree is required to get top, senior-level jobs — senior consulting for big firms, CEO gigs for large foundations, and serving as vice president for development or advancement at universities. There is no set degree path to getting senior-level jobs, though, and that’s pretty frustrating to a lot of folks.

Many people would recommend versatile degrees such as MBAs or JDs for seasoned professionals looking to get top fundraising jobs. One of my former bosses, NYC Education Chancellor Joel Klein, said that getting a professional degree in an uber-specific field limits you in the long run and highly recommended a law or B-school for both the non-profit and for-profit worlds.

But it’s a matter of choice. In an old Chronicle of Higher Ed article, Mark Drozdowski, a fundraising administrator at Pierce College in NJ, outlines the many degree paths you could choose (degrees in law, business, higher ed, public policy, and philanthropic studies) to enhance a fundraising career and get to that senior level, but his final recommendation is the same as mine– professional development.

Build your fundraising credentials through professional development

// March 18th, 2008 // 2 Comments » // Blog, Career, Education, Fundraising

One of the most frustrating parts about a career in development is that there is no set path into the field. Most of the people I encounter come from seemingly random backgrounds and degree paths and connected to fundraising during parts of their careers. My mentors in development have been journalists, pharmacists, and even sociologists before becoming fundraisers, and I got into the field after a degree in history — North Carolina history, to be exact.

So how can someone get training in fundraising or make themselves marketable to development employers? The key is professional development.

There are many part-time or seminar-based programs in fundraising that not only give you great skills but can enhance your resume significantly. If you’re looking to break into the field, or if you’re a non-profit professional, you should check out these programs:

Duke University Certificate in Non-Profit Management: I’m partial to this program because I’m in it, but it offers workshop courses all over NC on all aspects of non-profits, but with the option to concentrate on fundraising courses. Most of the workshops last one day at a time — so you can take a day off or ask your employer for a professional day — and it’s quite affordable. More important, it’s taught by NC fundraising consultants and professionals, and gives a lot of options for networking.

The Fundraising School at IUPUI: The premiere place for development training, the Indiana University-Perdue University Indianapolis offers an excellent training program on all aspects of fundraising. It’s a bit expensive, but it’s definitely worth looking into if you can afford it. My boss is pursuing training there.

Association of Fundraising Professionals: The “trade organization” for fundraisers is an excellent place to get great training. Their website lists a host of information, including job listings, that is free, but membership gets you access their listserv (which is invaluable) and great trainings that are free to members or reduced in price. The biggest perk is that there are local chapters nation-wide, cutting down your travel that could be a problem for the other two programs.

There are also affordable programs in the political fundraising arena. Even if you aren’t interested in working in politics, the lessons of political fundraising can help you immensely in the non-profit world.

EMILY’s List has quite possibly the best political fundraising training there is. The organization specializes in getting Democratic, pro-choice women elected to office up and down the ballot, but their training is open to all genders. They take the show on the road, so check and see if they’re near you.

Camp Wellstone is the best thing I did during my career in politics. The training teaches people how to run campaigns like Sen. Paul Wellstone, UNC alum and all-around great guy who was tragically killed in a plane crash. The fundraising portion of the program is phenomenal, and they travel more than EMILY’s list does. They’re all over the US and on college campuses.