Evaluation of the learning competencies in terms of knowledge, skills, and attitude of the Bachelor in Medical Laboratory Science graduates became an issue due to the lack of an assessment tool. Hence, a descriptive study, aimed to determine the participants’ perception on the competencies of the 2014 BMLS graduates and on the school-related environmental factors, was conducted among the graduates and three key informants. Total enumeration was done. There were 71 or 83% of the 2014 graduates who took the exit survey. The three key informants were the Dean, Program Coordinator, and the Internship Coordinator of the Bachelor in Medical Laboratory Science Program of the University of the Immaculate Conception. A self-constructed questionnaire was employed and personally administered by the researcher. An online questionnaire was also made available for the participants. Results show that the 2014 BMLS graduates of UIC perceived an Excellent performance in the attainment of competency in terms of Knowledge, Skills, and Attitude; and the identified school-related environmental factors were perceived to have Excellent services which reflects the BMLS program and on-campus learning experiences of the 2014 BMLS graduates. The BMLS graduates of UIC performed excellently in the September 2014 licensure examination because its products are proficient and the school, in general, provides a significant learning environment.