This research aimed to determine and evaluate the level of psychological well-being and lived experiences of the BS in Pharmacy students of the University of Makati and proposed a program that will maintain and/or improve it so that that when they would become Registered Pharmacist, they could do their vital roles in a patient’s health. This study used a mixed method research design, which includes collection and analysis of quantitative and qualitative data. The quantitative phase of the study involved the use of a standardized tool for assessing the level of psychological well-being called the Psychological Well-being Index (PGWBI), the results of which are interpreted and with the use of one-way Analysis of Variance (ANOVA) identified presence of statistically significant difference between the demographic profile of the students and their PGWBI scores. The qualitative phase employed Narrative Inquiry through Focus Group Discussion (FGD), in which the researchers’ gathered stories from the participants, and clustered them into themes. The data gathered was used to formulate a proposed intervention program to be validated. The validated program was implemented to 4th year students of BSP, and then a researcher-made evaluation tool was administered to determine the enhancements that could be done to further develop the implemented program. For the results it has been found that BS in Pharmacy students are in Severe distress as revealed by their PGWBI sores which possibly rooted in their relationship to family and friends, school, and health problems as evident in the FGD. It is recommended that the intervention program be conducted in the BS in Pharmacy students and other allied health students and a follow- through assessment with the program must be done to ensure objective and exhaustive response rate and results from the participants.