The aim of this study is to find out the levels of anxiety of 589 day- and night-class students in higher education in Macau two weeks before the final examination period. The Chinese version of the 40-item Spielberger's State-Trait Anxiety Inventory (Spielberger, Gorsuch & Lusherier, 1970) was applied in this study. The two anxiety scales are nicely constructed into several logical and explainable factors. In addition, the Chinese version of Rosenberg's self-esteem scale (Rosenberg, 1965) was applied to find out the relationship between students' self-esteem and their trait and state anxieties. Generally speaking, night-class students, who had full-time jobs during the day, had significantly higher levels of anxiety than day-class students, who were either unemployed or engaged in part-time employment. Furthermore, based on the results of the path analysis, students' general anxiety levels might be affected by their general state of anxiety and their self-esteem. It is hoped that through this study, the educational context of higher education might be better understood. (Contains 7 tables and 1 figure.)