This study conducted in May, 1995 attempted to look into the determinants of employment prospects and job relevance among college graduates in Western Visayas who were employed in different economic sectors in Iloilo City. Specifically, the study aimed to find out the mean earnings, waiting period, and job relevance among employed graduates classified according to personal, school, and firm characteristics. The subjects of this investigation were 245 randomly selected college graduates employed in different establishments in Iloilo City. A combination of stratified and multi-stage sampling techniques was used. This descriptive-correlational research utilized frequency counts, percentages, assigned scales, weighted means, and standard deviations as descriptive statistics, and Multiple Regression Analysis, Logistic Regression Analysis, Pearson r, and Contingency Coefficient set at 0.05 as inferential statistics. All statistical computations were done via the SPSS software. Results of the investigation revealed that the mean income level of 1980 to 1994 graduates was P5,452.72; and relevance of job to field of specialization was 54.28%. The determinants of earnings were gender, age, school type, size of firm, and interview. Results indicated that male workers, those who belonged to higher age brackets, those who graduated from the University of the Philippines and other state universities and colleges, those who employed in small firms, and those employed in firms that used interview as the major basis of recruitment were the highest paid graduates. The determinant of waiting period was school facilities. This implies that graduates who rated their school facilities excellent had longer waiting period. The determinants of job relevance were gender, marital status, course, nature and position of jobs, firms' economic activity, and use of academic records and gender as the firms' methods of recruitment. The results signified that female and single graduates, graduates of agriculture, health-related courses and education, those occupying higher positions, and those employed in engineering sectors had jobs more relevant to their field of specialization, while those employed in firms that used academic records and interview as major bases of recruitment had job less relevant to their field of specialization.