Yes, typically this is a well paid position that is acquired based on a track record of success in the organization, as it’s predicated on being finely in-tune with that organization’s specific needs more so than generic industry expertise or certification (though those help!). You tend to earn the position more often than be hired into it.

The above lends to the role having higher job security than rank-and-file engineers.

Similarly, your skills deepen and mature over time and are less at risk of becoming obsoleted by a new technology trend.

If you do it right you’ll be treated with a great deal of respect and admiration.

You get to take genuine credit for the success of the organization.

You are likely to have a great degree of autonomy in how you work.

It’s a challenge no doubt, but if you can do it, you are in Maslow’s self-actualization zone.