The paper aims to assess the significant differences in the Psychological Wellbeing (PWB) of students with Type A and Type B personalities. The sample comprised 100 undergraduate students. Following the data collection, significant differences regarding PWB and Personality Types were examined by using t-test. The findings revealed insignificant differences in the PWB of students with Type A and Type B personalities. Insignificant differences were also found in the various dimensions of PWB, viz., positive relations with others, personal growth, purpose in life and self-acceptance, among the students with Type A and Type B personalities, whereas, significant differences were observed in the two dimensions of PWB, viz., autonomy and environmental mastery among the students with Type A and Type B personalities.

The future destiny of a country rests not in the hands of soldiers and merchants, but in the hands of students and scholars. With this fact, the wellbeing of the youth must be the prerequisite of every nation. In today's scenario, to do well in the competitive world, the academicians and educational institutions must provide quality education which can make them competent enough to judge what is right and what is wrong. Decision-making, in this respect, depends on the type of personality a student possesses. Thus, it can be stated that personality types play a vital role in determining the Psychological Wellbeing (PWB) of students.

Since ancient times, humans have searched for an answer as to what makes a good life. Scientists who study PWB assume that an important feature of a good life is that the person himself likes his life. PWB is a subjective experience and can be defined as a person's cognitive and affective evaluation of his or her life (Diener et al., 2002), and as such, it refers to the extent a person feels healthy, satisfied with, and even happy about life (Richardsen et al., 1992; Van et al., 1994; and Rainey, 1995). PWB also indicates whether and to what extent an individual is dealing with the existential challenges of life, focusing on self-realization, and whether the person is fully functioning, leading to satisfaction in all aspects of life (Ryff, 1989).

As wellbeing refers to the degree to which an individual judges the overall quality of his or her life, it is also concerned with an individual's judgment regarding enduring mood (happiness) as well as evaluation of the self (satisfaction with one's physical and mental health and functioning) and its relation to the material and psychosocial environment (life satisfaction or work satisfaction).

Many factors need to be studied in a student's life. Educational competition is one of those, which not only imposes unnatural expectations on adolescents, but actually conditions their life experiences. The wellbeing issue is of particular significance due to the competitive educational environment.

Organizational Behavior Journal, Psychological Wellbeing of Students, Type A and Type B Personalities, Decision-Making, Psychosocial Environment, Educational Environment, Personality Typology, Social Reinforcement, Sociocultural Backgrounds, Campus Environment, Environmental Mastery.