The purpose of this paper is to identify protective factors for students' anxiety management under exam stress. Students experience a range of negative emotions in addition to exam anxiety throughout university exams including stress, fear of knowledge assessments and fear of low performance. However, students' exam preparation and passing can be changed by identifying protective factors for exam stress coping while focusing less on reducing risk factors. Possible protective factors for exam anxiety coping in the present study were resilience, self-efficacy, stress tolerance, overall life satisfaction and coping behavior. In general, our assumption was confirmed that stress tolerance, proactive coping behavior, overall life satisfaction and resilience are the most important factors in overcoming exam fear. Self-efficacy as a latent factor that has a significant impact on overcoming exam fear was not identified. The study validated that stress tolerance, proactive coping, life satisfaction and resilience are pivotal in conquering exam-related fear. However, self-efficacy did not emerge as a significant factor.