The article is devoted to the study of the well-being phenomenon, based on the concept of K. Riff. The materials of an empirical study are presented, demonstrating, on the one hand, the current level of psychological well-being of psychology students, and, on the other hand, the subjective features of the well-being perception in the study group. An analysis of the relationship between psychological well-being and professional motivation is also given, taking into account gender specifics.