The article analyzes the current state, trends and development prospects of business psychology based on the Fifth International Scientific and Practical Conference “Business Psychology: Theory and Practice (HSE, Moscow, Russia), which was held November, 30 — December, 1, 2018. The conference was prepared and held by the master’s program “Psychology in Business”, which is the domestic scientific and practical center for the development of business psychology — a new branch in applied psychology. Presentations, their discussion, workshops showed a growing interest of researchers and practitioners to business psychology. There has been a tendency to search for a deeper psychological validation of business psychological tools, search for integrated approaches that can be the basis for the development of business psychological practice. A more clear understanding of the structure of business psychology from the perspective of personal, organisational, social, cultural factors of business management was indicated. The strengths of business psychologists were identified in the context of their ability to solve problems systematically and rely on an interdisciplinary approach. The prospects for the development of business psychology are the following: the expansion of geography and subject areas of research and practical activities of business psychology on the development of new approaches in management and organisational consulting.