Abstract: A comparative study was conducted to know and compare the different personality traits designated by the students of vedic and formal education system. A differential design is employed in this study. Major findings of the study depicts that, majority of the students of vedic educational system show high level of personality traits like extroversion, agreeableness, conscientiousness and openness to experience, while the students of formal educational system have shown low level of these personality traits. The results clearly depict that vedic system has succeed in molding the child personality in a desired way as the primary aim of any system of education is to be development of a wholesome personality. But todays modern formal system of education is producing only money making machines, ignoring the development of virtuous qualities and resulting in the development of negative personality traits.