The present study took 223 university student subjects in the Gyeonggi-do region and examined the correlation between narcissism and depression by distinguishing covert/overt narcissism as factors that impact individual anger, in addition to examining the mediating role of depression with regard to the relationship between covert/overt narcissism and anger. The research results show that the correlations between covert/overt narcissism, depression, and anger variables are positively(+) significant. Furthermore, the covert/overt narcissism and depression of the students had a significant impact on their respective relationships with depression, while covert/overt narcissism appeared to significantly impact depression. Depression was confirmed to play a significant partially mediating role between covert/overt narcissism and anger. Therefore, the implications of the present study are that the anger expressed by students varies by the individual depending on the disposition toward covert/overt narcissism and the degree of depression, and that anger is expressed as greater anger when the individual college student’s disposition toward covert narcissism is greater than that of overt narcissism. The results of the present study can be used as one of various alternatives that can help students struggling with adjusting to college life. Furthermore, the student counseling centers of each university can use this as basic data when establishing a counseling strategy for ‘how to intervene’ in individual counseling or group programs.