The goal of this study is to explore the relationships between academic self-concept, perception of competency in related domains, and academic motivation (intrinsic, extrinsic, and amotivation), and reported anxiety and depression among Black American psychology graduate students. The major research question asks whether there is a relationship among reports of motivation, perception of competence, and reported levels of anxiety and depression. Results indicated that higher academic self-concept and perception of competence in general, as well as academic, interpersonal, and leisure domains were related to lower depression scores. Intrinsic motivation was also found to be related to lower depression scores. Motivation to know (a type of intrinsic motivation) and identified motivation (a type of extrinsic motivation) were negatively correlated with anxiety. Hierarchical regression revealed that leisure competence predicted lower depression scores for participants. (Contains 3 tables and 8 footnotes.)