Gender differences in managerial aspirations and managerial potential have been advanced as possible explanations for the structuring of organizations along gender lines, with women concentrated in lower level jobs and under-represented in managerial positions. These hypothesized gender differences were examined in a sample of male and female physical education and non-physical education students. Analysis of variance results showed that the effects of gender, faculty, or their interaction on managerial aspirations were not significant. The main effects of aspiration level, faculty, and gender on the set of managerial potential variables were significant. Aspirants scored higher than nonaspirants on self-assurance, decisiveness, and need for dominance. Non-physical education students scored higher on need for dominance than did physical education students. Males were higher in need for autonomy and need for dominance, while females were higher in decisiveness.