Purpose: The aim of this study is to examine the relationship between the negative impact of paid work on academic performance, the balance between studies and personal life, and the level of academic stress among students. Additionally, the study seeks to determine whether these relationships vary according to selected sociodemographic and educational variables, such as gender, age, level of study, and mode of study. Design/methodology/approach: The study was conducted using a diagnostic survey administered to 156 students majoring in Management as well as Finance and Accounting. Based on the survey items, three composite indicators were constructed to represent the key variables under investigation: the negative impact of paid work on academic performance, the balance between studies and personal life, and academic stress. The reliability of the scales was assessed using Cronbach’s alpha. Data analysis included descriptive statistics, correlation analysis, and nonparametric tests (the Mann-Whitney U test and the Kruskal-Wallis test) to examine differences between groups. Findings: The results indicate that a greater negative impact of paid work on studies is associated with higher levels of academic stress and lower levels of work–life balance. A significant relationship was also found between work–life balance and academic stress. Furthermore, the findings show that the levels of the variables under study vary according to selected respondent characteristics, particularly age, gender, level of study, and mode of study. Originality/value: This study contributes to the literature on the experiences of students engaged in paid work during their studies by adopting an integrated approach to the issue. Unlike many previous studies that have focused on individual aspects of students’ employment, this research simultaneously examines the relationships between paid work, the balance between studies and personal life, and academic stress. The findings may serve as a basis for developing initiatives aimed at supporting students who combine academic responsibilities with professional work. Keywords: students, work-life balance (WLB), academic environment, academic stress. Category of the paper: Research paper.