The relationship between stress, self-efficacy and satisfaction with life were the focus of this study. Stress has been shown to be negatively related to satisfaction in many studies (e.g., Martin and Mason (1999), Chang (1998), Nowack (1991)). According to Bandura (1977a) self-efficacy has moderating effects on the perception of stress. This questionnaire study was conducted on white collar workers (N=152) using a correlational design. The predictor variables were self-efficacy, age, gender, occupation and various coping styles. The criterion variables were stress and satisfaction with life. A significant negative correlation was found between stress and satisfaction with life and between stress and self-efficacy. Three coping styles were also found to have significant effect on stress. Important implications of this study exist regarding enhancing employees' self-efficacy through the use of various techniques to lower the levels of perceived stress and, indirectly, enhancing the satisfaction with life.