Baylor EMBA Alum, Marshall Stewman, Develops Opportunity in WacoNov. 13, 2017
His first day as a student at Baylor’s Executive MBA program in Dallas, Marshall Stewman, ’13, learned an important lesson. He should take an active part in asking for what he wants, and what he wanted was to learn the transaction side of real estate.
“As silly as it sounds, hearing this was eye opening for me and is something I use daily. In my opinion, it is crucial to have the attitude in life knowing that it's my responsibility to be understood versus the listener or others to ‘know’ what I want or need,” he said.
Stewman, who is a Waco native, lived in Dallas after earning his undergraduate degree was in Construction Science in the School of Architecture at Texas A&M University. He worked in the real estate development department for national company.
“I felt like I was getting stuck in the construction/design side of the business since that is what I had always done,” Stewman said. “A mentor that worked at the same company suggested I get my MBA to help bridge the gap to the real estate side.”
He explored other Executive MBA programs in Dallas, but ultimately chose Baylor, partly because of the program’s value-based education and excellent reputation. It also didn’t hurt that the Baylor EMBA-Dallas program held classes in a convenient location to his home. He does not regret that decision. His professors were all very willing to discuss practical applications, and he leveraged knowledge with the first few large real estate investment deals he did personally.
“I was able to learn from the professors’ real world experiences and understand what works and doesn't work. Having their support and succeeding with those initial endeavors gave me the confidence to keep pushing for more and bigger deals,” he said.
An article in the spring 2017 issue of Baylor Magazine noted how Stewman has put those lessons to work by purchasing and developing Waco’s Mary Avenue Market, which recently opened. Just a stone’s throw from Joanna and Chip Gaines’ Magnolia Market and Silos, the converted warehouse with its boutiques, tapas restaurant and pie shop, already has attracted a large following.
“I have some larger development ideas in motion where I'm able to leverage a ton of the concepts and structures I learned in the private equity class,” Stewman said. “The (Baylor EMBA) program rekindled my entrepreneurial drive. It was always there but I felt like I needed to learn more. The program definitely gave me the knowledge and skills I felt like I was missing.”