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UT Austin McCombs Venture Fellows Program

A selective fellowship for MBA students targeting careers in venture capital and private equity.

Overview

The Venture Fellows Program at UT Austin's Texas McCombs School of Business is a highly selective, two-semester fellowship placing 18 top full-time MBA students as interns in leading venture capital and private equity firms. Founded in 1999, the program combines practical internship experience (approximately 10-20 hours per week) with specialized curriculum taught by venture capital and private equity professionals. Fellows attend weekly guest lectures from industry experts discussing relevant VC topics and experiences. Approximately 25% of Venture Fellows alumni are currently active in venture capital or private equity industries, demonstrating the program's strong career impact. The program is managed by McCombs MBA students and provides a competitive pathway for those targeting VC/PE careers.

Program details

Fellows are expected to maintain confidentiality on partner-firm matters. Partner firms are asked to evaluate Fellows at the end of each semester.

Who it is for

Full-time Texas McCombs MBA students; selective admission; demonstrated interest in venture capital or private equity.

Check if you are eligible

Check your eligibility for UT Austin McCombs Venture Fellows Program

Admissions and application

Full-time Texas McCombs MBA students; selective admission; demonstrated interest in venture capital or private equity.

Benefits

10-20 hours/week internship with leading VC/PE firms; specialized VC-focused curriculum; weekly industry expert sessions; portfolio company exposure; career networking in VC/PE; structured pathway to VC/PE careers.

Timeline

The program lasts for two semesters, concurrent with MBA coursework.

What came of it

25% of alumni active in VC/PE industries; strong internship-to-offer conversion; deep practical VC experience; differentiated career positioning.

How to go about it

  1. Read what it asks for

    Who can apply, how people get in and whether it is open right now.

  2. Have something to show

    Programs pick people whose work they can already point to. Put yours where it can be found.

  3. Apply the way the program asks

    The program has not published how to apply. Terms and dates change. Check the official page before you act.

What it pays

Participants do not receive a stipend; the program is part of the MBA tuition.

Questions about this program

Who is the program intended for?

The published audience is full-time McCombs MBA students with a strong interest in venture capital and private equity. Texas McCombs describes the program as highly selective.

Is the partner-firm internship paid?

No. The internship is unpaid and is structured as a course requirement.

Are applications currently open?

The cited recruiting calendar listed September 2026 application dates, which had passed by October 4, 2026. It does not confirm a later cycle.

How much time does the firm placement require?

Venture Fellows reports a weekly commitment of 12–18 hours to firm work.

How long does the placement last?

The placement spans one academic year across the spring and fall semesters.

About University of Texas at Austin - Texas McCombs School of Business

University of Texas at Austin - Texas McCombs School of Business

University

Fostering entrepreneurial growth and innovation.

Lists that include this program

From public sources

What the sources say about UT Austin McCombs Venture Fellows Program

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