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We investigated the impact of Psychological Capital on the wellbeing of postgraduate management students. The relationship between two second order reflective constructs namely; Psychological Capital (hope, resilience, optimism, self-efficacy); well-being (positive health, distress) was tested by using higher order structural equation modeling with the help of IBM AMOS 20.0. Our study results confirmed positive significant impact of Psychological Capital on the wellbeing of postgraduate management students. We strongly recommend that instructors, counselors, management and administration must work collectively on conceptualizing, planning, and execution of educational and counseling activities/programs that aim cultivate students’ sustainable psychological resources like Psychological Capital to facilitate constructive psychological functioning in academics. The study results are based on 109 postgraduate students from a privately owned business school.
Gautam et al. (2019) studied this question.