The college picked up the Association of Colleges (AoC) Leading Light Award for its commitment to working with local businesses to get people work-ready.
The programme works with companies, including Jaguar Land Rover, BAE Systems and Lego, to ensure that students and adults are provided with the right skills for the jobs available.
Aimed at employees, unemployed people and apprentices, the scheme identifies areas of skills shortages such as construction, engineering and healthcare and sets them as key priorities.
All students enrolled onto a substantial course at the college are then given the opportunity to undertake work experience, which introduces them to local employers.
Claire Boliver, principal and CEO of City of Wolverhampton College, said: “We are absolutely delighted to win the award because it demonstrates our hard work with employers and the local community to get people back into work.
“We get excellent feedback from the employers we work with and we have built great relationships with them.”
Martin Doel, chief executive of the Association of Colleges, said: “City of Wolverhampton College’s employer engagement programme demonstrates exactly what colleges have to offer when it comes to education and training.
“Not only is the college preparing its students through work experience, it is working directly with employers to provide them with employees who have the right skills for their job vacancies.
“Colleges across the country already work with employers of all sizes and we know that these relationships are important in helping to support the local economy.
“The work experience element offered to students at City of Wolverhampton College is important in helping them to choose their career.”
The college also won the Beacon Award for Outstanding Leadership of Improvement.