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As someone who has worked a very technical role for more than 20 years and is now basically at the top of the skill/pay range, management is the only "next level" there can be for me. Yet, I don't see it necessarily as a good thing for a few different reasons. First, as you allude to, managing people is really a completely different job. It needs a completely different skill set to deal with all the different problems people have with skills, behaviors, and performance all while controlling the rudder to make sure the team is accomplishing what the business needs. Second, most businesses (who want to keep you) value you most for the reason they hired you. When that's the case, then they either don't have much motivation to change your scope of work. I find that companies VERY often promote people to management out of desperation to keep someone and then quickly find out (and sometimes ignore) that they're in over their heads. This is the Peter Principle in action. Moreover, the companies who DO see that these newly promoted managers aren't doing their jobs well enough (because it's a brand new skill set), they can be next on the list to get terminated. Even if you have a fresh MBA in management and have been a team lead for years, there are still so many other variables that can spell disaster for a management promotion. For example, if the business doesn't know it's own direction, as a manager, you will be stuck desperately trying to make your team run the opposite direction when upper management constantly changes it's mind. It's frustrating for everyone all around and, when the buck stops at you, you are an easy target. Just my thoughts.
Chief
I turned down a management position once. The person they found to fill the position was terrible. I had a year in hell and the person had to be removed by HR. I was offered the position a second time. Things were much better after I took charge. Now when I am given the opportunity to lead I take it.
Sometimes people see something in you before you see it in your self.
I won't work any job that pays salary and usually management positions are salary
I've turned down people management positions on several occasions, just to end up in one at the end of the day. But I currently don't manage people so much as the projects we work on, so it's a bit different and not as frustrating to be removed from the technical aspect of the work.