Underrepresentation of women and students of color has been a longstanding issue in science, technology, engineering, and mathematics (STEM). The present study examined factors that contribute to academic satisfaction among 585 women college students of color (M age = 21.42, SD age = 3.25; n Black = 174, n Latina = 171, n Asian = 240), based on the Social Cognitive Career Theory satisfaction model. Experiences of discrimination was selected as an environmental obstacle and proactive personality as a person input in the model. In addition, critical consciousness was included as a personal resource variable. Multigroup measurement invariance tests and multigroup structural equation modeling were conducted to examine the racial/ethnic differences in constructs and their interrelationships. The findings showed that discrimination, proactive personality, and critical consciousness contributed to academic satisfaction via self-efficacy, outcome expectations, and goal progress. Theoretical, clinical, and institutional implications are discussed in light of the findings. Limitations and future research directions are also discussed. [ABSTRACT FROM AUTHOR]