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What You'll Do: As the principal of an elementary, middle, or high school, you are in charge of overseeing the work of teachers and managing daily operations. Since you are the head of the school, the job can be a very stressful one because there is a lot of pressure to meet certain standards. It is up to you to determine both short-term and long-term goals for the school and how to reach them. Much of your time is spent in a designated office where you do various administrative tasks. You also meet with students, faculty, and parents from time to time to discuss important issues.

Full-time work with overtime is typical of a school principal, and unlike teachers who generally get summer off, you must work year-round. You serve as the top-level administrator of a public or private learning institution.

Education and Training: You must have a master's degree in education administration or a related field to be hired as a school principal. These advanced programs help you to develop the skills necessary to be successful at the job--skills that include: management, budgeting, goal setting and achievement, interpersonal relations, public speaking, and more. However, getting into a master's degree program requires you to already have a bachelor's degree. While a four-year degree in education is the most direct route, you will be considered with a degree in business administration, psychology, counseling, or some other relevant area of study.

Unfortunately, a degree isn't worth much without real-world experience to back it up. Most school principals have several years of experience as a teacher before applying for the position. Others may have served as school counselors or held management positions before becoming a principal.

If you plan on working in a public school, you will have to get licensed as well. While specific requirements vary depending on the state, you usually need to have a master's degree, pass an exam, and continue to take courses or receive other training to become and remain licensed.

The Future: The school administration profession is expected to grow at about 10% through 2020, and that growth will vary by region.

The Pay: Annual salaries for Elementary, Middle, or High School Principals in the U.S. range from $58,300 to $129,400, with the average median annual wage hitting $87,400 in 2011 as per the U.S. Bureau of Labor Statistics.

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