The adjustment process becomes more complicated when his/her interaction with a particular situation comes into conflict with the requirements of the other situation. A particular situation may give rise to happiness while the other may give rise to pain. The resulting tension may cause disturbance in his/her psyche, produce uncomfortable physical symptoms or may even lead to abnormal behaviour. This paper deals with the development and standardization of Adjustment Inventory for M.Ed students. At the initial stage, the inventory consisted of 80 items. Then the number of items was reduced to 58 after extensive scrutiny by the subject experts. Subsequently item analysis was carried out with help of the appropriate statistics. The chi-square test used to standardize and finally 38 items were retained in the final tool. The reliability was computed by split-half method to be 0.814. The content validity of the inventory was assured by evaluation from subject experts. This tool will be very useful for the investigator/research student to measure the extent of Adjustment among M.Ed/PG Students in respect to their Research activity during the course or completion of the dissertation work.