DEFINITION of 'Macro Manager'

A macro manager is a type of boss or supervisor who takes a more hands-off approach and lets employees do their jobs with minimal direct supervision. Macro managers are thought of by some employees as superiors who do not give them enough support or feedback to do their jobs effectively, while others may be glad to be trusted and left alone. A macro manager is the opposite of a micro manager, a supervisor who constantly looks over employees' shoulders and is often perceived as controlling and overly critical.

BREAKING DOWN 'Macro Manager'

The term "macro manager" can also describe someone who runs a global macro hedge fund. Global macro managers need to have a broad knowledge base to understand big-picture influences on investment performance in the global marketplace. Such influences include political events, government policies and the way different countries' central banks function. George SorosJulian Robertson and Michael Steinhardt are well-known global macro managers.

Benefits and Drawbacks of Macro Managers

Adopting a macromanagement leadership style can include delegating authority and responsibilities to subordinates while the manager focuses their attention on developing and executing the overall strategy for the team. This may be seen as beneficial and suitable for upper tiers of an organization’s hierarchy, as it grants subordinates room to act with more autonomy. For example, an executive leader of a division within an organization may task the staff who works under them to adhere to an overall strategic plan, but make their own decisions on how best to execute that strategy. Likewise, the president of a company may present broad ideas to the executive team they lead, and rely on their individual expertise to take action rather than give them orders that cover the minutest details.  

There can be drawbacks to working with a macro manager. They may be distant and not directly informed about the day-to-day issues the team faces. It can take time before they are made aware of problems or challenges the team must deal with. Furthermore, a macro manager could be seen as little more as than an extra layer of bureaucracy with limited activity interest in the tasks at hand. Their minimal direct involvement with subordinates can be regarded as a lack of awareness or understanding of the work each employee is asked to perform. This can affect the team’s ability to achieve milestones and meet deadlines if the manager is not fully aware of obstacles that may impede the team’s ability to take action. 

  1. Global Macro Strategy

    A global macro strategy is a hedge fund strategy that primarily ...
  2. Macro-Hedge

    A macro-hedge is an investment technique used to mitigate or ...
  3. Global Macro Hedge Fund

    A global macro hedge fund is an actively managed fund that attempts ...
  4. Macro Accounting

    Accounting for the total or aggregate economic activities of ...
  5. Tactical Trading

    A style of investing for the relatively short term based on anticipated ...
  6. Brokerage Supervisor

    A brokerage company employee who appoints, trains and manages ...
Related Articles
  1. Investing

    Single-Family vs. Multi-Family Homes

    What's the benefit of a single-family home versus multi-family units?
  2. Managing Wealth

    Michael Green on Modeling & Modern Portfolios

    As a former manager at Canyon Partners and Bain Capital, Michael Green‘s approach to valuation and the macro world is rooted in the derivatives market.
  3. Small Business

    Counterintuitive Management Strategies That Work

    Traditional ideas are falling by the wayside, and being replaced by flexible arrangements and a results-oriented approach.
  4. Investing

    Banks Are Hidden Gems For Investors, Goldman Says

    Bank stocks will be fueled by huge stock buybacks and dividend hikes, Goldman says
  5. Personal Finance

    How to improve your leadership skills

    Being a leader can help you in your career. Here are some tips for improving your leadership skills.
  6. Investing

    The 4 Key Elements of a Well-Managed Portfolio

    Be sure the manager of your actively managed portfolio isn't neglecting these four items.
  7. Financial Advisor

    Preparing for a Career as a Portfolio Manager

    Find out what it takes to win a spot in one of the most coveted financial careers, portfolio manager.
  8. Small Business

    7 Ways You Are Preventing Employee Productivity

    Avoiding these seven employee productivity traps can help improve the performance of your business.
  9. Small Business

    What Makes A Good Boss?

    Everyone wants to be at the top, but it takes the right characteristics and skills to make both employees and shareholders happy.
  1. Why are corporations so concerned about their stock price?

    When the share price of a company is high or increasing, generally corporations, or more specifically their management teams, ... Read Answer >>
  2. Where do most fund managers get their market information?

    Many fund managers, whether they manage a mutual fund, trust fund, pension or hedge fund, have access to resources that the ... Read Answer >>
  3. What is the difference between subordinated debt and senior debt?

    Understand the difference between subordinated debt and senior debt. Learn what a company is required to do in case of bankruptcy. Read Answer >>
Hot Definitions
  1. Federal Funds Rate

    The federal funds rate is the interest rate at which a depository institution lends funds maintained at the Federal Reserve ...
  2. Call Option

    An agreement that gives an investor the right (but not the obligation) to buy a stock, bond, commodity, or other instrument ...
  3. Standard Deviation

    A measure of the dispersion of a set of data from its mean, calculated as the square root of the variance. The more spread ...
  4. Entrepreneur

    An entrepreneur is an individual who founds and runs a small business and assumes all the risk and reward of the venture.
  5. Money Market

    The money market is a segment of the financial market in which financial instruments with high liquidity and very short maturities ...
  6. Perfect Competition

    Pure or perfect competition is a theoretical market structure in which a number of criteria such as perfect information and ...
Trading Center