After graduating with an AB, MBA, and JD from Harvard University, Deborah began her career as an Associate at First Boston. From there, she joined the business advocacy group, New York City Partnership, and was soon named to the New York City Housing Authority Board by Mayor Dinkins. In 1994, Deborah was named Commissioner for Housing Preservation and Development by Mayor Giuliani and subsequently President and CEO of the Upper Manhattan Empowerment Zone Development Corporation in 1996. She became CEO and President of Carver Bancorp, the holding company for Carver Federal Savings Bank, the largest publicly-traded African-American bank in the United States. Deborah has served on several boards, including Time Warner and Kraft Foods. She also serves on the Board of Overseers for Harvard University and Memorial Sloan-Kettering Cancer Center.