The urgency of the article is necessitated by the need to increase personal and vocational potential of higher education in modern conditions. The aim of the article is to substantiate the mechanisms of student estimation and self-esteem as pedagogical innovations aimed at improving the result of education. The authors developed theoretical and methodical grounds of student estimation and self-esteem formation, their correlation in student educational and vocational activity is shown. The student integrated evaluation in academic and vocational activity, consisting of motivational, organizational and reflexive functions, allowing defining the student identity concerning future vocational activity, promoting his professional and personal formation is formed. The role, conditions and stages of student self-esteem development based on the idea of teachers and students' interaction in academic and vocational activity are revealed. The article is intended for teachers, psychologists, researchers involved in education and development.