Hi Lindenberg,
The decision to get an MS vs. PhD depends on what you want to do. An MS will generally be a technician or work for a principal investigator, and these types of jobs vary from someone who does the same technique all the time to someone who has a lot of responsibility, trains others, and learns new things as project needs change.
If you want to run your own lab at a University or government agency, you will ned a PhD. This will allow you to direct the entire lab, and decide which projects are done. There is also a lot of responsibility to this type of position, involving grantwriting, hiring (and firing) employees, writing publications, and if you're at a university, teaching and serving on committees.
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It's up to you to decide which of these types of positions you find attractive.
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Disclosure: I have a PhD and it was a loooong haul. If you're not extremely enthusiastic about it at the start, you'll never get through it. A PhD program is typically 5-6 years, and involves long hours, minimal pay, and difficult situations. An MS degree is normally 2-3 years, and mostly classes and learning techniques in a lab. A much easier degree to get.
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I wish you the best of luck with your future studies!
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