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The term school principals’ self-efficacy has changed over the past three decades because principals’ roles and duties have changed. Given that professional self-efficacy deals with competence in the profession, if the nature of the profession changes, the level of one’s professional self-efficacy will change as well. There have been found connections between self-efficacy and choosing a career and that efficacy is a robust contributor to career development. People seek a match between their interests and occupational environments. Thus, self-efficacy is believed to be a situational rather than a stable trait. Therefore, understanding that the term principals’ self-efficacy includes certain level of confidence in one’s knowledge, skills, and abilities, which are associated with the task of leading. This has a great importance with respect to the overall managing of schools. Self-efficacy should not be confused with self-esteem or self-concept since it is a task-specific evaluation. In contrast, self-esteem and self-concept reflect more general affective evaluations of the self. Research on principals’ self-efficacy usually includes measures of multidimensional self-efficacy, which enables to capture the various elements of the principals’ work. Few studies have been conducted on the measurement of school principals’ self-efficacy, and most of these are based on the quantitative methodology, emphasizing instruments and scales that describe situations and areas of the principal’s work. Understanding principals’ self-efficacy could assist policymakers with decisions concerning continuing professional development.