in 1930, the Department of Commerce started with only twelve enrollees and offered a two-year associate program in Commercial Science.

Under the deanship of Dr. Mariano Apacible, the four major programs of the college: Accounting, Banking and Finance, Economics and Management, were fortified with pedagogy improvements as well as the introduction of new techniques in teaching.

The year 1981, the college offered a variety of programs: Accounting, Banking and Finance, Economics, Management and Marketing.

In 1996, and in response to the growing information technology needs of the commercial industry, the college offered a new program: the B.S.

In 1999, under Dean Amelia Halili, the college was selected as a Center of Development by the Commission on Higher Education.

The latter part of the 2006–2007 academic year signaled the beginning of even more significant changes compressed in even lesser time.

The college is located in the third and fourth levels of Saint Raymund de Peñafort Building in the northeastern part of the UST campus.

The college shares the building with the UST Faculty of Arts and Letters which occupies the first and second levels.