For efficient management of an organization’s human resource, it is crucial to increase the job satisfaction of women managers, since it is closely related to an individual’s job performance and company’s one. In this regard, this research explores how women managers’ job stress and managerial efficacy affect their job satisfaction.

This research uses the fifth wave of Korean Women Manager Panel (KWMP) collected in 2015. The 1,537 women managers who work at a company with 100 or more employees are employed and the data are analyzed using ordinary least squares (OLS).

Income, job stress, and managerial efficacy have a statistically significant effect on job satisfaction. In addition, managerial efficacy has a moderating effect between job-related stress and job satisfaction.

This study suggests the meaningful findings that in terms of boosting women manager’s job satisfaction, it is requested to promote their managerial efficacy at the human resource management level.