Research Paper The International Journal of Indian Psychology ISSN 2348-5396 (Online) | ISSN: 2349-3429 (Print) Volume 8, Issue 2, April- June, 2020 DIP: 18.01.201/20200802, DOI: 10.25215/0802.201 http://www.ijip.in © 2020, Satpathy. B & Ali. E; licensee IJIP. This is an Open Access Research distributed under the terms of the Creative Commons Attribution License (www.creativecommons.org/licenses/by/2.0), which permits unrestricted use, distribution, and reproduction in any Medium, provided the original work is properly cited. A study on psychological well-being of final year management students during COVID-19 pandemic lockdown in India Dr. Biswajit Satpathy 1 *, Esrafil Ali 2 ABSTRACT This study aims to assess the anxiety, depression and stress level of students during COVID- 19 outbreak. The online questionnaire surveyed 80 students from the 250 population of MBA in Western Odisha, India. Two steps analysis have been done using EXCEL and MAXQDA software. The data collected were inserted in EXCEL and were analyzed by descriptive statistics (frequency distribution, mean and standard deviation) for the DASS21 questionnaire. Content analysis for open ended questions was carried out with the help of MAXQDA Software. The inferential statistics suggests that the level of depression was as high as 43% among the students (Mean 8.7, SD 6.047073). The main reasons for depressions among students are mental tension, career and negative psychology (maximum hits ranging 80%) and also other factors such as economic downturn, financial issues, future life, social distress, satisfaction in life, and job offers revoked (hits ranging from 73-46% observed) as revealed by Content Analysis. The institutions should adopt an online method of psychosocial intervention to reduce the depression level of the students. Keywords: Mental wellbeing, COVID-19, DASS21, Content Analysis Coronavirus (COVID-19) is a pandemic associated with severe respiratory syndrome. It originated from Wuhan, China, in December 2019. The World Health Organization (WHO) on 30 th January 2020 showed concern for this disease and affirmed it as a Public Health Emergency of International Concern and on 11 th March 2020 accepted this as a pandemic. The ongoing pandemic COVID-19 has been announced by the World Health Organization as the sixth public health emergency of international concern. In December 2019 in China Coronavirus was first spotted. People suffering from Corona show symptoms of fever, dry coughing and breathlessness (Guan et al. 2020 and Holshue et al. 2020). Million cases of COVID-19 have been reported throughout the world resulting in more than 170,000 deaths. As the numbers of cases are increasing in different countries around the world, the anxiety symptoms are also rising among the communities. 1 Professor, Department of Business Administration, Sambalpur University, JyotiVihar, Burla , Sambalpur, Odisha, India 2 Research Scholar, Department of Business Administration, Sambalpur University, JyotiVihar, Burla , Sambalpur, Odisha, India *Responding Author Received: April 12, 2020; Revision Received: May 01, 2020; Accepted: May 25, 2020