The purpose of this study is to explore school administrations' burnout situation and life satisfaction levels and the relationship between burnout and life satisfaction. The study was designed with the screening model. The research sample consists of 92 school principals and vice principals. Research data was collected with "Maslach Burnout Scale" and "Life Satisfaction Scale." In analyzing the data SPSS 16.0 software was used and "Multiple Regression Analysis" and descriptive statistics were conducted in order to explore the relationship between school principals' and vice principals' burnout and life satisfaction levels. According to the analyses results, school principals gained scores below average in the emotional burnout and depersonalization dimensions and gained scores above average in the personal success dimension. This result indicates that burnout is at a low level. In addition, "life satisfaction" levels of school principals and vice principals are above average. This result indicates that school administrations' life satisfaction levels are at a high level.