This paper presents a study to investigate the effect of university education on leadership capacity of both male and female management students of Ferdowsi University of Mashhad. The data were collected from the first and the last year students using classified sampling method. The results of 116 questionnaires analyzed using SPSS software indicate that university education had a different effect on both male and female students' leadership capacity. Comparing the results of this study with other countries shows that the role of culture should be considered as an effective factor, while evaluating and comparing students' leadership capacity among communities.