The purpose of this paper is to examine the influence of the Big-Five personality traits and risk aversion on entrepreneurial intention. A questionnaire-based survey was employed for the data collection. A total of 422 students and graduates (age 18–25) participated in the survey. The findings showed that extraversion, conscientiousness and risk aversion are important characteristics that influence entrepreneurial intention. Openness to experience, conscientiousness and extraversion have positive influence on entrepreneurial intention, while agreeableness, neuroticism and risk aversion have shown contrary results. The results confirm partially the theoretical approach and the hypotheses formed.