diff --git a/src/components/introduce/ModeratorViewButton.jsx b/src/components/introduce/ModeratorViewButton.jsx
index ba6114b..c4fc084 100644
--- a/src/components/introduce/ModeratorViewButton.jsx
+++ b/src/components/introduce/ModeratorViewButton.jsx
@@ -1,10 +1,24 @@
 import React, { useState } from 'react';
 
+import styled from '@emotion/styled';
+
 import { changeDateToTime, isCheckedOnlyTimeStatus } from '../../util/utils';
 
+import ApproveStatus from '../../styles/ApproveStatus';
 import ParticipantListModal from './modals/ParticipantListModal';
 import StyledApplyStatusButton from '../../styles/StyledApplyStatusButton';
 
+const OrganizerStatus = styled.div`
+  display: flex;
+  flex-direction: row;
+`;
+
+const organizerRemove = (applicant) => applicant.filter((_, index) => index !== 0);
+
+const approveParticipantsNumber = (approveUsers) => organizerRemove(approveUsers)
+  .filter(({ confirm }) => confirm === false)
+  .length;
+
 const ModeratorViewButton = ({
   group, user, onUpdateConfirm, realTime,
 }) => {
@@ -14,6 +28,8 @@ const ModeratorViewButton = ({
 
   const applyEndTime = changeDateToTime(applyEndDate);
 
+  const approveUsersCount = approveParticipantsNumber(participants);
+
   const checkTime = {
     time: realTime,
     applyEndTime,
@@ -44,18 +60,25 @@ const ModeratorViewButton = ({
 
   return (
     <>
-      <StyledApplyStatusButton
-        type="button"
-        className="confirm"
-        onClick={handleClick}
-      >
-        스터디 참여 승인하기
-      </StyledApplyStatusButton>
+      <OrganizerStatus>
+        {approveUsersCount !== 0 && (
+          <ApproveStatus wait>
+            {`${approveUsersCount}명이 승인을 기다리고 있습니다!`}
+          </ApproveStatus>
+        )}
+        <StyledApplyStatusButton
+          type="button"
+          className="confirm"
+          onClick={handleClick}
+        >
+          스터디 참여 승인하기
+        </StyledApplyStatusButton>
+      </OrganizerStatus>
       <ParticipantListModal
         visible={ListModal}
         onClose={handelClose}
         onUpdate={onUpdateConfirm}
-        participants={participants.filter((_, index) => index !== 0)}
+        participants={organizerRemove(participants)}
       />
     </>
   );
diff --git a/src/components/introduce/ModeratorViewButton.test.jsx b/src/components/introduce/ModeratorViewButton.test.jsx
index bb1d4bf..b44561e 100644
--- a/src/components/introduce/ModeratorViewButton.test.jsx
+++ b/src/components/introduce/ModeratorViewButton.test.jsx
@@ -91,6 +91,33 @@ describe('ModeratorViewButton', () => {
 
         expect(container).not.toHaveTextContent('스터디 신청자 목록');
       });
+
+      context('When there is an applicant pending approval', () => {
+        it('renders "Waiting for approval!" text', () => {
+          const { container } = renderModeratorViewButton({ group, user, realTime });
+
+          expect(container).toHaveTextContent('1명이 승인을 기다리고 있습니다!');
+        });
+      });
+
+      context('When there are no applicants waiting for approval', () => {
+        const changeGroup = {
+          ...STUDY_GROUP,
+          moderatorId: 'user',
+          participants: [
+            {
+              confirm: true,
+              id: 'test1',
+            },
+          ],
+        };
+
+        it("doesn't renders 'Waiting for approval!' text", () => {
+          const { container } = renderModeratorViewButton({ group: changeGroup, user, realTime });
+
+          expect(container).not.toHaveTextContent('1명이 승인을 기달리고 있습니다!');
+        });
+      });
     });
 
     context('When the current date is after the deadline', () => {
diff --git a/src/styles/ApproveStatus.jsx b/src/styles/ApproveStatus.jsx
index 9de0be8..2fb6439 100644
--- a/src/styles/ApproveStatus.jsx
+++ b/src/styles/ApproveStatus.jsx
@@ -21,7 +21,11 @@ const ApproveStatusWrapper = styled.div`
   `};
 
   ${({ approve }) => approve && css`
-    color:#40c057;
+    color: #40c057;
+  `};
+
+  ${({ wait }) => wait && css`
+    color: #f783ac;
   `};
 `;
 
@@ -47,12 +51,35 @@ const LoadingContent = styled.span`
   }
 `;
 
+const WaitApprovalContent = styled.span`
+  margin-left: .3rem;
+  border-radius: 100%;
+  border-top: 3px solid #fcc2d7;
+  border-bottom: 3px solid #fcc2d7;
+  border-right: 3px solid #f783ac;
+  border-left: 3px solid #f783ac;
+  width: 12px;
+  height: 12px;
+  animation: load  0.75s ease infinite;
+
+  @keyframes load {
+    0% { 
+      transform: rotate( 0deg ); 
+    }
+    
+    100% { 
+      transform: rotate(180deg); 
+    }
+  }
+`;
+
 const ApproveStatus = ({ children, ...props }) => {
-  const { load, approve } = props;
+  const { load, approve, wait } = props;
 
   return (
     <ApproveStatusWrapper {...props}>
       {children}
+      {wait && <WaitApprovalContent />}
       {load && <LoadingContent />}
       {approve && <ImCheckmark style={{ marginLeft: 4 }} /> }
     </ApproveStatusWrapper>
diff --git a/src/styles/StyledApplyStatusButton.jsx b/src/styles/StyledApplyStatusButton.jsx
index 8e70d5e..c1aad7f 100644
--- a/src/styles/StyledApplyStatusButton.jsx
+++ b/src/styles/StyledApplyStatusButton.jsx
@@ -57,6 +57,7 @@ const StyledApplyStatusButtonWrapper = styled.button`
 
   &.confirm {
     cursor: pointer;
+    padding: 0.25rem 2.5rem;
     color: white;
     background: #4dabf7;