Julio Caro graduated from Cornell College of Arts and Sciences in 1981 with a Bachelor of Arts in Theater Arts and Philosophy.

After graduation, Julio Caro joined the banking training program of the Manufacturers Hanover Trust Company in New York. Julio Caro worked at Manufacturers Hannover from 1982 to 1985.

In 1985,Julio Caro released his first solo feature titled STATIC with Keith Gordon, Amanda Plummer, and Bob Gunton. The movie was written and directed by Mark Romanek, an actor he met while studying at Cornell. He was a student at Ithaca College.