This study explores peer assessment and self-efficacy in a counseling practicum. Data was gathered on the perceptions of practicum students, in their second year of a master's program, with regard to the counseling competencies of their peers and themselves. Counselor self-efficacy was measured using the Counselor Self-Efficacy Rating Scale. Results indicate that the average competency rating for all students was in the above minimum competency range, with a mean score of 4.1 out of 5. The average self-efficacy rating for all students was 4.0 out of 5, indicating moderate agreement that they are confident in their counseling abilities and skills. Significant differences by gender were evident in both measures. Females viewed everyone as less competent, and indicated a lower confidence (self-efficacy) in their counseling abilities and skills. It suggests that women have perceptions that a higher level of competency must be demonstrated to reach a particular category of competency and they are less confident than men are in their own skills. Videotaped interviews confirm the gender differences illustrated in the data regarding self-competencies. Peer assessment in counselor education is a necessary and powerful learning technique that counselor educators should consider. (Contains 27 references.) (JDM)