We explore the interplay between $\omega $ -categoricity and pseudofiniteness for groups, and we conjecture that $\omega $ -categorical pseudofinite groups are finite-by-abelian-by-finite. We show that the conjecture reduces to nilpotent p-groups of class 2, and give a proof that several of the known examples of $\omega $ -categorical p-groups satisfy the conjecture. In particular, we show by a direct counting argument that for any odd prime p the ( $\omega $ -categorical) model companion of the theory of nilpotent class (...) 2 exponent p groups, constructed by Saracino and Wood, is not pseudofinite, and that an $\omega $ -categorical group constructed by Baudisch with supersimple rank 1 theory is not pseudofinite. We also survey some scattered literature on $\omega $ -categorical groups over 50 years. (shrink)