Students who face life's challenges with a clear focus on agency and who feel that they are in control should also be making more progress in exploring and committing to aspects of their identity (see Schwartz et al., 2005) and have greater well-being (e.g., McLean et al., 2019). Agency is a fundamental motivational drive that is reflected in the ways individuals make sense of their life experiences (McAdams et al., 1996). Individuals who maintain a greater emphasis on agency should feel that they are better in control of their lives, have a clearer sense of who they are, and have greater self-efficacy for life's challenges. Agency is especially salient for younger adults who are in the process of exploring and coming to terms with their place in the world (Arnett, 2000). There are multiple approaches for measuring agency. Many of these measures involve autobiographical narrative tasks. This study considers two indices of undergraduates' agency in addressing subjective well-being and identity development. The two indices of agency compared in this article are: (1) "global displays of agency"--whether individuals emphasize having more or less control over their lives, regardless of other evaluations about the event (Grysman et al., 2016); and (2) displays of "agency within a redemptive narrative arc"--emphasis on how one has more control and mastery in the course of a negative experience becoming positively resolved (McAdams et al., 2001).