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"What you give up when moving into engineering management" = your soul.

That’s a little dramatic.

As a manager you deal with people. As an IC you also deal with people but to a smaller degree. If you can handle dealing with people you stand to make more money. It’s a job.

Luckily management is not the requirement for more money nowadays. Most Staff/Principle and even Senior engineers are on equal footing (and often more) with managers in terms of salary.

At least in my country.

And it's good since often it requires far more skill than managing.

As an engineer on those level you are also mostly dealing with how to align a huge group of people - you are just not required with hiring, compensation, etc.

For me, it was the exact opposite. It was a feeling of "finally, this is what I'm supposed to be doing". It takes all sorts, as they say.

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