Venture Fellows is a year-long program for a selected group of MBA students. Applicants must be enrolled in the McCombs MBA program. For one spring and one fall semester, students work for a venture capital firm, private equity firm, or local incubator or accelerator in conjunction with a weekly class.

UT Austin students interning at a startup or working in an entrepreneurial venture may be eligible to enroll in EXP 000 (undergrad) or EXP 080 (grad), the university's zero-credit internship and experiential learning course. This is a tuition-free course with self-paced experiential activities that help students reflect and build upon their experience. As a benefit, this course maintains enrollment for students who do not plan to enroll in other courses while participating in the experience.