This study examines the phenomenon of women’s academic leadership in Mongolia, where women remain considerably under-represented in senior leadership positions at the more prestigious, public universities, but are equally represented as leaders at the less prestigious, private universities. The study aims to investigate this phenomenon, employing feminist qualitative methodology and Bourdieu’s conceptual tools—field, habitus, and capital—as part of a feminist ontology and transnational feminist epistemology. The study makes contributions to feminist research and theorising of women and academic leadership in the context of a postsocialist East Asian country—an area that remains considerably under-explored.