The Philippine School of Commerce was established with the aim to provide quality education in commerce and related fields crucial for the growing economy of the Philippines. On June 21, 1952, Republic Act No. 778 was signed into law, officially converting the school into the Philippine College of Commerce. This legislative change was significant as it highlighted the government's recognition of the importance of vocational and technical education in strengthening the country's economy. With an increasing demand for skilled workers in various sectors, the conversion was strategically aimed at equipping students with practical knowledge and skills in commerce, planning it to be more aligned with industry needs.

The Philippine College of Commerce featured a curriculum that included accountancy, business administration, and other courses relevant to commerce and trade. This move not only aimed to facilitate better job opportunities for graduates but also to prepare the nation for modernization. Over the years, the college saw an increase in enrollment and expanded its programs and facilities to meet the needs of a growing student population. Eventually, the institution underwent further transformation, becoming the Polytechnic University of the Philippines, which is now known for its diverse academic offerings and commitment to practical education.

The conversion served as a foundation for later educational reforms. The establishment of the Philippine College of Commerce paved the way for further investment in vocational education and greater accessibility for students from various economic backgrounds. This evolution in the educational landscape was pivotal, as it addressed the skills gap in the workforce and contributed to national development in the long term.