Growth Trends for Related Jobs
Political fundraisers keep campaigns alive by keeping the money coming in. They can help raise millions of dollars for different government organizations and political campaigns. These professional money-raisers are often well-educated and highly socially networked. The demand for political fundraisers is expected to continue to grow. The salaries for political fundraisers can be directly affected by the amount of money they raise.
Political fundraisers raise capital to help achieve political objectives. Political campaigns can be exceedingly expensive due to costs such as staff, travel and television advertising. Political fundraisers organize fundraising events like $1,000-a-plate dinners and political rallies. They also direct other campaign staffers to execute mailing and telemarketing campaigns. Political fundraisers also target who to ask, who should be asking and how to ask for funding.
Low Salary Range Factors
The salary range for political fundraisers can vary significantly. Among the primary influencing factors are education, organization and location. A lower-end salary for a political fundraiser with a bachelor's degree and a few years of experience who works for a small nonprofit organization can start at $35,000, according to the University of Chicago, School of Social Service Administration, at the time of publication. Most political fundraisers have college degrees and significant field experience.
High Salary Range Factors
The pay at the higher-end of the salary range for political fundraisers can be much higher. The increasing factors consist of size of campaign, education and fund-raising effectiveness. For example, at the time of publication, the chief fundraiser for a major campaign or foundation, who holds several degrees -- including an MBA -- who also has raised many millions of dollars can earn up to nearly $1 million, according to “The New York Times.”
Job and Salary Forecast
The market outlook for political fundraisers is good. Employment is expected to grow 14 percent between 2008 and 2018, according to the Bureau of Labor Statistics. Political fundraisers can enhance the demand for their services by building a successful track record of money raising and developing a highly influential social network. As the link between well-funded campaigns and election victories continues to strengthen, the demand for political fundraisers will continue to grow as well.
Marty Aquino is a venture capitalist who has helped start-up companies raise millions of dollars. He has been a passionate writer on green energy, technology and entrepreneurial topics since 2009. Aquino specializes in helping start-ups create the necessary look and feel to secure large funding. He holds a Bachelor of Business Administration from the University of Puget Sound.