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About 5 years after getting out of college with my CS degree, I faced the same decision. I decided on the management route. I think it appealed to my ego as much or more than my vision for my future.
For a long time, I wished I’d chosen differently. Pretty quickly, my tech skills got stale and then I felt moving back into tech wasn’t an option. (It could have been, but I focused on honing mgmt skills over technical.).
I managed a few different dev team at different companies. It’s all very similar. Eventually went into project management, because MY GOD do engineers WHINE! That eventually led to cyber and I love it. I don’t manage people anymore (never again. I’m told I’m good at it but I don’t enjoy it as much as being hands on technical).
That’s how I saw it. I don’t regret making the move because I’m happy now. But I do think it was harder to move up the mgmt ladder than the tech ladder. I’d have rather been an architect than a director.
Which company?
Agree w CP1. Once you’re in that manager role, you most likely won’t be “in the weeds” any longer and will need to think more strategically. Yet lean on your tech experience to relate back to engineering
It also helps to keep a toe in tech space. I’ve taken lateral roles a few times to pick up more current tech skills. That may have delayed promotions, but made me happy to not feel obsolete about my tech skills.
I’m not the developer I like to think I once was, but I get to work on cool tech while also contributing strategically. Makes my job fun and pretty satisfying.