Students' identity formation and perceptions of parental acceptance and encouragement of independence were investigated as predictors of career indecision. The Mother‐Father‐Peer Scale (Epstein, 1983), Extended Objective Measure of Ego Identity Status (Bennion & Adams, 1986), and Career Decision Scale (Osipow, Carney, Winer, Yanico, & Koschier, 1976) were administered to 169 undergraduate students with a mean age of 19.68. Analysis using multiple regression indicated that career indecision was predicted by a greater degree of identity moratorium and diffusion, less maternal acceptance and fewer years in college. Suggestions for future research and counseling applications are provided.