The modern approach to learning and teaching requires a change in teachers’ work and their continuous professional development and work on themselves. Competencies, as a set of abilities, knowledge, and skills, enable teachers to fulfill their role in the learning and teaching process as well as possible. Teachers are expected to use digital tools, create a positive learning environment, use collaborative learning methods, active learning, and be reflexive practitioners. Teachers are continuously called upon to improve their competencies and acquire new ones, engage in lifelong learning in order to be successful in their work, and improve their teaching practice. This research aimed to examine Teacher Education students’ attitudes about the importance of teacher competencies for learning and teaching. The research was conducted in April 2021, using the Google Forms online survey method with students enrolled in Integrated Undergraduate and Graduate University Teacher Education. The participants (N = 131) comprised first- and fifth-year Teacher Education students at the Faculty of Teacher Education in Rijeka. The obtained results indicate that the vast majority of students attach great importance to teacher competencies in the field of learning and teaching and consider them important for future work, but assess that certain competencies require continuous professional development, especially in areas of work with gifted children and children with developmental disabilities as well as adapting to pupils’ individual characteristics. Furthermore, the participants place great emphasis on the relationship with parents and the planning of parent-teacher meetings, as well as the administrative and legal aspects of teaching, the organization of homeroom lessons, school trips, and extracurricular activities.