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This three-year mixed-method study examined levels of self-efficacy and leadership values they hold for 32 women before and after participating in graduate coursework and a multi-day challenge course experience focused on women’s leadership issues. A 21-dimension self-efficacy scale adapted for leadership from Albert Bandura was used in addition to open-ended questions focused on leadership values and obstacles. Self-efficacy levels increased in each dimension. Shifts occurred in the nature of values identified for effective leadership, as well as the nature of obstacles preventing the participants from being more effective leaders.