Professional school counselors have an opportunity to directly address the educational, emotional, and social problems facing lesbian, gay, bisexual, transgender, and questioning youth. The purpose of this study was to examine the multicultural and sexual orientation counselor competencies of school counseling students through a cross-specialization comparison with community agency students. Results indicate that school counseling students had significantly lower self-reported multicultural and sexual orientation counselor competency scores. The findings and their implications are discussed. (Contains 1 table.)