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School District of Philadelphia / Office-Chief Financial Officer / Chief Financial Officer

Job-title file

Chief Financial Officer

Maintain financial records, prepare budgets and reports, and ensure compliance with fiscal rules.

1 employees hold this title in Office-Chief Financial Officer. Median total compensation for the role is $228,396, above the department median of $228,396.

Employees
1
Total payroll
$228.4K
Role median
$228,396
Agency median
$228,396
Comparison
Above

Compared with the local labor market

Chief Financial Officer pay vs. the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area

Across all employers in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area, the median wage for Chief Executives — about 4,120 people — is $292,770. Office-Chief Financial Officer pays a median base salary of $228,396 for this role, 22% below that figureabout the 36th percentile of local pay for the occupation.

Where Office-Chief Financial Officer sits in the local pay range

10th
25th
Median
75th
90th
$124,800
$181,280
$292,770
$450,160
$546,180
Office-Chief Financial Officer median · $228,396

The bar is the range of annual wages for Chief Executives across every employer in the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD area, from the 10th to the 90th percentile, with the middle 50% highlighted. The marker shows Office-Chief Financial Officer’s median base salary for this role. Both figures are base pay only.

And across the country

Nationwide, the median wage for Chief Executives — about 204,350 people — is $213,990. Office-Chief Financial Officer’s median base salary is 7% above that national figure, about the 53rd percentile of pay for the occupation nationally.

10th
25th
Median
75th
90th
$75,700
$129,540
$213,990
$356,200
$507,730
Office-Chief Financial Officer median · $228,396

Local and national wages differ for reasons beyond how well a job pays — cost of living, the mix of employers, and local demand for the occupation all move the Philadelphia-Camden-Wilmington, PA-NJ-DE-MD range relative to the national one.

Median total compensation for this role at Office-Chief Financial Officer is $228,396, which includes overtime and employer-paid benefits. The benchmark above excludes both, so total compensation is deliberately not compared against it.

Benchmark: U.S. Bureau of Labor Statistics, Occupational Employment and Wage Statistics (May 2025). BLS Occupational Employment and Wage Statistics (OEWS) covers all employers in the area — private, non-profit, and government alike — so this is a comparison against the whole local labor market for the occupation, not against private-sector pay. OEWS wages are straight-time pay and exclude overtime, shift differentials, and employer-paid benefits, so the government figure shown here is base pay on the same basis. Total compensation is not comparable to it. Job titles are matched to the closest standard occupation, so the comparison is between similar work rather than an identical job classification.

Compare jurisdictions

Chief Financial Officer beyond School District of Philadelphia

This role is reported in 8 jurisdictions. See Chief Financial Officer across all of School District of Philadelphia

Highest-paying jurisdictions for this role

California
$231,443 · 8
Georgia
$195,149 · 8
Vermont
$137,176 · 7
Metro Nashville
$68,514 · 9
Rhode Island
$38,057 · 20

Median total compensation for comparable Chief Financial Officerroles in other jurisdictions. Titles are matched by normalized name across sources, not identical job classification, and pay is not cost-of-living adjusted. Each bar links to that jurisdiction’s page for the role.

Record list

Employees with this title

Page 1

Michael Herbstman

Chief Financial Officer/Office-Chief Financial Officer

2026 total comp
$228,396
Base pay
$228,396
Overtime
$0
Other pay
$0
Benefits
$0
Total compensation
$228,396
Union / bargaining unit
Non-Represented
Pay basis
Salaried

Source-specific fields

Home Organization
9040
Organization Level
Administrative
Run Date
Apr 1, 2026
School Year
2025-2026

Michael Herbstman is a Chief Financial Officer at Office-Chief Financial Officer. 2026 total compensation came to $228,396. Union affiliation: Non-Represented.