Which one of the two has more long term monetory benefits/growth? Working as a product manager or working as a software developer. I need an honest opinion.

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First you should know your self. Where u want to be?.

Most of us starts with Software developer / development domain. But this domain will have to be expended to a specific role. I.e.

Technical Architect
Solution Architect
Functional Architect
Product Manager
People Manager
Customer Success Manager
Solution Consultant

Software Developer, you can be life long but at one point of time (approx 7 years later), you will have to move one of the above mentioned roles.

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Any day product manager

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You are comparing completely different levels.

Stick to the stuff you are good at.
If you like programing, data science, testing you can scale up to technical Architect or something similar to that.

But if you are good at creating/managing product, process, people etc... You can go for product/program/project Manager roles. But it would take a while for you to reach there.

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