The current thrust towards devolution of power to schools has altered and expanded the principal′s role. Principals are being made responsible for school review and planning, local selection of staff, school‐based staff development, performance appraisal, financial management, and the establishment of school councils. Principals need professional development to cope successfully with these new requirements. Reviews the immediate administrative training needs of school leaders, and then examines the dilemma universities face in providing appropriate administrative development. A new fee‐paying programme is proposed as a way for universities to fulfil academic responsibilities while providing school leaders with knowledge, skills and confidence for their emerging school self‐management responsibilities.