diff --git a/apps/admin/apis/study/studyApi.ts b/apps/admin/apis/study/studyApi.ts
index 38dd2deb..4bad8934 100644
--- a/apps/admin/apis/study/studyApi.ts
+++ b/apps/admin/apis/study/studyApi.ts
@@ -161,4 +161,15 @@ export const studyApi = {
     );
     return response.data;
   },
+  getStudyStudentsExcel: async (studyId: number) => {
+    const response = await fetcher.get(
+      `/mentor/studies/${studyId}/students/excel`,
+      {
+        next: { tags: [tags.studentsExcel] },
+        cache: "force-cache",
+      }
+    );
+
+    return response.data;
+  },
 };
diff --git a/apps/admin/app/students/_components/StudentsHeader.tsx b/apps/admin/app/students/_components/StudentsHeader.tsx
index 26b7f97d..3cd386a8 100644
--- a/apps/admin/app/students/_components/StudentsHeader.tsx
+++ b/apps/admin/app/students/_components/StudentsHeader.tsx
@@ -1,31 +1,54 @@
 import { Flex, styled } from "@styled-system/jsx";
 import { Text } from "@wow-class/ui";
+import { studyApi } from "apis/study/studyApi";
 import ItemSeparator from "components/ItemSeparator";
 import Image from "next/image";
 import type { CSSProperties } from "react";
+import { useEffect, useState } from "react";
 import type { StudyListApiResponseDto } from "types/dtos/studyList";
 
 import StudyDropDown from "./StudyDropDown";
 
 const StudentsHeader = ({
   studyList,
+  studyId,
+  studentLength,
 }: {
   studyList: StudyListApiResponseDto[];
+  studyId?: number;
+  studentLength: number;
 }) => {
+  const [url, setUrl] = useState<string>("");
+
+  useEffect(() => {
+    const fetchData = async () => {
+      const response = await studyApi.getStudyStudentsExcel(studyId);
+      const blob = new Blob([response], {
+        type: "application/vnd.ms-excel",
+      });
+      const url = URL.createObjectURL(blob);
+      if (url) setUrl(url);
+    };
+
+    if (studentLength) fetchData();
+  }, [studyId, studentLength]);
+
   return (
     <Flex justify="space-between" paddingBottom="1.5rem">
       <Text as="h1" style={titleStyle} typo="h1">
         수강생 관리 <ItemSeparator height={6} width={6} />
         <StudyDropDown studyList={studyList} />
       </Text>
-      <styled.button cursor="pointer">
-        <Image
-          alt="다운로드"
-          height={24}
-          src="/images/download.svg"
-          width={24}
-        />
-      </styled.button>
+      {studyId && studentLength ? (
+        <styled.a download="study.xls" href={url}>
+          <Image
+            alt="다운로드"
+            height={24}
+            src="/images/download.svg"
+            width={24}
+          />
+        </styled.a>
+      ) : null}
     </Flex>
   );
 };
diff --git a/apps/admin/app/students/page.tsx b/apps/admin/app/students/page.tsx
index 74df6895..a35abd86 100644
--- a/apps/admin/app/students/page.tsx
+++ b/apps/admin/app/students/page.tsx
@@ -22,9 +22,11 @@ const StudentsPage = () => {
   useEffect(() => {
     const fetchData = async () => {
       const adminStatus = await isAdmin();
-      const data = adminStatus
-        ? await studyApi.getStudyList()
-        : await studyApi.getMyStudyList();
+      const data =
+        // adminStatus
+        //   ? await studyApi.getStudyList()
+        //   :
+        await studyApi.getMyStudyList();
 
       if (data && data.length && data[0]) {
         setStudyList(data);
@@ -41,11 +43,16 @@ const StudentsPage = () => {
   };
 
   const { studentList, pageInfo } = useFetchStudents(selectedStudy, page);
+  if (!selectedStudy) return null;
   if (!studyList) return <Text>담당한 스터디가 없어요.</Text>;
 
   return (
     <Flex direction="column" gap="1.5rem">
-      <StudentsHeader studyList={studyList} />
+      <StudentsHeader
+        studentLength={studentList.length}
+        studyId={selectedStudy.studyId}
+        studyList={studyList}
+      />
       {studentList.length ? <StudentFilter /> : null}
       <StudentList studentList={studentList} />
       <StudentPagination
diff --git a/apps/admin/constants/tags.ts b/apps/admin/constants/tags.ts
index 73d8eb94..afe2d5ea 100644
--- a/apps/admin/constants/tags.ts
+++ b/apps/admin/constants/tags.ts
@@ -9,4 +9,5 @@ export const enum tags {
   memberList = "memberList",
   attendances = "attendances",
   students = "students",
+  studentsExcel = "studentsExcel",
 }