This is possible with a virtual tag.
*Go into Preferences > Tags (1) and click "Define New Tags".
*In one of the Virtual Tag boxes, enter "Year - Album" as the name (or format it however you want, so long as Year appears before Album)
*Copy the name into the second box and replace Year with <Year> and Album with <Album>
*Change the Album column in your column browser to your new virtual tag. Done!