In fact, I would like to find out which independent variables among several variables included in the survey have the strongest effects on a dependent variable. Counseling trainees are the participants of this correlational study. Some of the factors examined are counseling experience measured in months, length of practicum measured in hours, length of training in counseling measured in years and scores at a core self-evaluations questionnaire using a Likert type scale. Dependent variables are the total scores and the scores at subscales in two counseling self-efficacy questionnaires (also using Likert type scale).
Would you consider stepwise multiple regression as an appropriate solution? Note that I am interested in the total variance explained as well as the variance explained on the dependent variables from each independent variable separately. However, the sample is going to be quite small (100-150 trainees).