I will be a voice of dissent here, and feel obliged to reply if only to repay some of the debt owed to this website and its posters.
I'll give it you straight, even if it is offensive to some. If you want to be a peon (I am a proud Peon and own that word), and a cog in the machine, stay in an individual contributor role. If you want to secure job security for you, and more money and security for your family, become a manager. Given enough IQ and perseverance, many can become "individual contributors" but only a few can excel at the much harder task that is people/money management, especially white collar management. Flame away...I've had this told to me by several people in reality, and having been on both sides of the fence, wholeheartedly agree. Personally, I made a big mistake, huge mistake frankly, going from management to individual contributor and am taking steps to go back into management.
Here is what I have seen, in no particular order:
- Class of over 60 masters level structural engineers from a top school, mostly from India and China, graduating and hitting the streets to be individual contributors. Extrapolate that by at least 50 flagship state universities. This isn't CNN or Fox News, this is my two eyeballs. Nothing against these students; they simply kick a** in a society where everyone gets a trophy and standards are lowered in the name of diversity. They come from societies where hard studying is the norm, and they are steamrolling over our higher educational system, particularly graduate level studies.
I'd rather be in a management role so I don't compete with them. I want to be the technically astute decision maker, and someone else can figure out the minutiae. For your sake and your family's, you should too.
- Being an individual contributor is both more challenging and more fun. Being a peon is more fun; it's more intellectually stimulating. I am a proud "highly educated worker", a proud Peon!
But it's not all about You, and what You like; it's about what's best for you and your family. Because as I said, your job is less secure as a peon.
- At my government job (I'm keeping it vague on purpose) I have several foreign doctoral level engineers doing work that a guy with a bachelors could do. Guess what, these folks eventually take management roles too. You need to climb that ladder quick, because otherwise, you might find that your hitting a ceiling of MBA's, PhDs and other over-educated people in your path.
- As a manager you are in control; you make the decisions; you wear the pants. As a peon, like me, there ain't no philosophical distance between me, a plumber, or the short order cook at Mickey D's. We get orders and we either fix a pipe, make a burger, or crank out a set of plans.
Good for you buddy, you made a set of engineering plans today. There are thousands of others coming out of school or busting through the immigration window that can do it too!
- The folks that have posted before me have had fairly happy tales of peonage. Read between some of their lines though. "Worked 4 years here, worked 3 years there, bounced around and around..."...is that the kind of life you want? As a peon, you're an interchangeable part on a spreadsheet; you keep moving around and around, plying your trade.
- Are there negatives to management? Heck yeah dude! The previous posters have pointed out plenty galore and you already know them. That's why management pays more and is less fun. It's not about you anymore, it's about a team, processes, protocols; making the machine work so the cogs can cog out product. That has its own fun, but if it really was the bomb.com; everyone would do it and it would pay less.
- As a peon I went through a mass layoff. It's sobering. All the good stuff about being hands on and technical comes to a grinding halt when you realize that your former management peers are making money hand over fist, and you're out on the block plying your trade... Sobering.
- Lastly, you should be asking yourself more about where do you want to work long term, so you can safely hit retirement, including moving into that organization's management ranks...and less individual contributor versus manager. Some corporations and firms are so obviously unstable, and yet we go work for them. Open up your aperture, try to see the end goal.
Maybe go back to school and academia for a PhD. They desperately need people who are from the U.S. and you pretty much play with research and teach the next generation of engineers.
Maybe look at government employment, where life is far more relaxed for less pay, and being an individual contributor is fairly safe.
Maybe think about your own business, even self employment, or a niche market where your individual contribution is more valuable.
As for me, obviously I had a pretty thorny question here in a previous post and do not know it all. I was a manager, had direct reports, and was on an awesome management track that I did not appreciate at the time. I kicked it over because I let my ego take over; and thought about what do I like to do, instead of "what is best for me and my family long term?" Being a peon made me appreciate peons far more, and I really find it fun...but, but, but.
It's sad how poorly we treat our individual contributing engineers, who make the designs happen. For many of them, bouncing from consultant to consultant, corporation to firm to blah... is all they know. It's totally screwed up given how intelligent these men and women are, and how educated they are. Philosophically, they may be no different from a plumber or cook...but da** if they're not far more important to our civilization.
BUT, this world is not what we want it to be, it is what it is. Think twice before leaving management, think long and hard, especially if you have a family.