Purpose of the study: The article describes the view of authors to the formation of students' motivation to study Business English. Methodology: In the research, the authors investigate a number of tasks that teachers need to solve in the course of formation of students' motivation. The article shows the analysis of category of motivation in Russian and foreign pedagogics, studies the concept of educational motives and conditions of emergence of motivation in pedagogical process. Results: The authors theoretically describe the problem of the formation of students' motivation to study Business English, the model of formation of motivation, pedagogical conditions that make effective impact on increase in students' motivation when they study Business English. The article describes experimental work on efficiency check of formation model of students' motivation to study Business English. Applications of this study: This research can be used for the universities, teachers, and students. Novelty/Originality of this study: In this research, the model of the Formation of Students' Motivation to Study Business English is presented in a comprehensive and complete manner.