This article builds on the established notion that schools are hierarchised through policy, accruing different amounts and types of symbolic capital, by examining how this is reflected in the habitus of the leaders of new, privileged school types. The article uses Bourdieu's concept of hysteresis, or a dislocation between the habitus which formerly produced success in the field and the habitus currently necessary following changes in field conditions. Using crafted narrative accounts from two headteachers, I argue that rather than simply being an effect of change, hysteresis may be an actively sought outcome whereby the state intervenes in a field--education--to deprivilege welfarist leaders and privilege corporatised leaders through structurally facilitating their habitus and mandating its dispositions for the field. However, insofar as deprivileged actors may draw strength and an identity from rejecting corporatisation, the concept of hysteresis must be extended to include notions of agentic dissidence.