Will Durant puts this very succinctly in "Lessons of History" [1]:

"History reports that the men who can manage men manage the men who can manage only things, and the men who can manage money manage all."

In my experience, a management role has typically come with 10-20% more compensation versus a comparable individual contributor role, but 100% more responsibility and accountability. I wouldn't worry too much about parity between the two tracks, focus on what you truly enjoy doing. Besides, the money guys can fire us all ;-)

[1] https://www.amazon.com/Lessons-History-Will-Durant/dp/143914...