Self-employment is taking centre-stage among university undergraduates as white collar jobs are hard to come by after graduation. Empowering students for self-employment has therefore become imperative. This study aims to investigate two predictors of entrepreneurial intention: role model and self-efficacy among undergraduate students of the University of Ibadan. Cross-sectional survey design using three instruments: Role Model Scale, Self-efficacy Scale and Entrepreneurial Intention Scale were used to collect data from 200 conveniently sampled undergraduates (male: 105; female: 95). Data were analyzed using zero-order correlation, t-test of independent samples, and standard multiple regressions analysis. The results showed a significant positive correlation between entrepreneurial intention and role model. Male students reported higher entrepreneurial intention than their female counterparts. Furthermore, role model and self-efficacy jointly predicted entrepreneurial intention. Finally, role model independently predicted entrepreneurial intention. However, self-efficacy did not independently predict entrepreneurial intention among the undergraduates. The study concluded that role model, self-efficacy and gender tend to be influential factors in entrepreneurial intentions among undergraduates of the University of Ibadan. The study recommended that the university authority should intensify courses on entrepreneurship and invite seasoned entrepreneurs to come and give lectures on entrepreneurship to prepare students for careers after graduation.