The aim of this essay has been the evaluation of three orientations towards happiness: pleasure, meaning and engagement, as well as their relation to life satisfaction and the perception of happiness in a sample of 320 university students. The results show that the most used kind of orientation towards happiness is pleasure, followed by meaning, and finally engagement. It has also been found that pleasure is the orientation most closely associated to happiness while engagement seems to be more related to life satisfaction. These findings aim to the distinction between the concepts of happiness and life satisfaction and lead the attention to the actions which can improve the levels of happiness.