This study was done in order to find out whether there are also mismatch, underemployment and promotion issues among graduates in Masters in business program of the university. More specifically, it determined the employment status of the graduate after pursuing MBA program in Lyceum University from 2008 – 2012, which include the university customized MBA program. It also determined the school-related and work-related factors that affect the graduate’s employability and promotion and further assess the extent by which work values and skills provided by LPU contribute to the graduate’s employability and promotion. Descriptive research design was used to trace graduate’s employability and employment status of Master in Business Administration in Lyceum of the Philippines University-Batangas. Results showed that 96 percent of the Masters in Business Administration graduates from 2008-2012 are gainfully employed locally with regular status and are holding professional and managerial positions. The MBA course has contributed to the graduate’s professional advancement. Communication, human and technical skills and the values of Love of God, honesty, love for truth and persevearance and hardwork are very relevant to their job. The professional subjects, curriculum and instruction gained from LPU –MBA are likewise found very relevant to their respective work.