DWCL was acquired in 1961 by the Divine Missionaries (SVD) as Liceo de Albay from the Diocese of Legazpi, it is a non-stock, non-profit catholic institution.
In addition to the basic education and collegiate department, the Graduate School of Business and Management was opened in 1978 to be responsive to the expanding needs of clientele from the business sector in Albay and Legazpi City by offering an MBA program. In 1992, it expended by offering the Master in Public Administration (MPA) Program. As a consequence of the selection of DWCL by FAPE as the Center for Development in Business Education in Region V, the Master in Business Education (MBE) was opened in 1995. In 2003, DWCL-GSBM became the second institution in Region V to implement the virtualization program of CHED.
From 1978 to date, the GSBM has passed through the management of ten deans.
The GSBM program is anchored on the institution's motto: "DUC IN ALTUM" - AIMING HIGH, STRIVING HARD and LOVING MUCH.
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