Being a manager or a principal level
In the mid 30s, should you prefer being a manager or a principal position? I heard and have experienced management is actually not that hard if you are in high quality companies. Isn't management an easily replaceble skill!? , plus you get managers a dozen for a dime. So does the management shift makes you even more money in future? Some other cons which i percieve: -You lose out your primary skills and it becomes difficult to hop around for higher packages or mood based hopping as very few openings for managers. -Its highly risky as once you chose management you have to stay longer and get a lot of years of managerial experience and then if you dont perform well you are moving towards dead end and cant switch back to IC. #management #ic #leadership
Yes managing people brings more money
Anyone who thinks being a manager is easy is kidding themselves. Try being an M2 who’s 100% evaluated based on team culture, his leads, impact created by them with constant poaching and then turf fights with peers. Struggling to get college hires who have tonnes of offers; struggling with poor performers Being a good manager is the most freaking tough thing to do. And bad managers don’t last long. I wish I was smart enough to choose the IC ladder
But they are so easily replaceble!
But average performing managers last long!
You can think about it from an influence perspective. Being a manager gives you a lot more influence over things you want (i.e. take up initiatives, provide business adds, etc.). On the flip side, being a people manager can suck because it’s your head on the line if your team doesn’t perform.
“take up initiatives, provide business adds” I do all this as an ICT5.
Managing is hard af
I have seen in tech IC is paid far more then manager
More than jack ma ? It’s only on the lowest levels of management IC can make more. Once you get to a Certain level IC are left in the dust
Yes, in many tech companies regular IC employees have more payout even more then CEOs.
Its only the stock that make up but thats just a lollipop for you to not hop around.
Good managers are really hard to come by. You’ll likely suck and draw the ire of those around you, statistically speaking.
So are good ICs but i agree the best managers are very rare as rare as an eskimo in Africa. So practically, most people will have below average managers and few will have average managers. This means it is very difficult to actually find one and hence the value of existing managers (most) is less?
Bad ICs tend to get fired, or at least shuffled. Bad managers stick around forever.
What i want to hypothesize is that the higher your job hopping quotient the more you will make. Many ML PhDs are paid 800k $ upwards plus stocks.
Management is not a reproducible skill then there would be so many shit ones
Aren't there already so many shit managers, do an analysis of glassdoor reviews? Given the fact that management esp people management is a very tough job and very few succeed.