Imposter phenomenon (IP) has traditionally been linked to indicators of psychological well‐being with fewer studies examining the impact on work outcomes. Using conservation of resources (COR) theory, we examined how imposter phenomenon as a personal demand contributed to emotional exhaustion and job satisfaction among a sample of university faculty (N = 310). Our results suggest that individuals who experience high levels of IP deplete critical resources needed to avoid psychological strain in part because of their use of avoidant coping strategies, and in how their experience of emotional exhaustion contributes to low job satisfaction. That is, avoidant coping partially mediated the imposter–emotional exhaustion relationship, and the imposter–job satisfaction relationship is fully and serially mediated through avoidant coping and emotional exhaustion. To help combat imposter feelings and enhance job outcomes, we suggest the use of learning and development interventions as active coping approaches (e.g., training, coaching, and mentoring) geared at correcting how imposters attribute success and failures, increase social support, and normalize the imposter experience.