The study sought to determine, through the descriptive method, the effectiveness of the Master in Business Administration (MBA) and Master in Arts in Education (MAED) Programs of the Pamantasan ng Cabuyao on the job performance of the alumni. The data represented 68% of the graduates in the academic years 2011-13. The demographic profile covered age, gender, civil status, position, and nature of employment. On job performance, professional development and enhancement, the MBA graduates strongly agree that their graduate program was a strong factor. The MAED graduates agree. For professional recognition and socio-economic factors, both MBA and MAED graduates agree that their programs had been effective. A mean of 4.47 (great extent) was obtained regarding the level on which the alumni attained their masters program goals. The results showed that there must be a periodic assessment of the masters program to align the two curricula with the local, regional, and national development needs.