In companies I am familiar with, pay bands and total comp are roughly equivalent between:
senior engineer ≈ engineering team lead
staff engineer/tech lead ≈ engineering manager
principal engineer ≈ senior engineering manager
Reiterating that management is not a "promotion" from senior engineer, but a track switch.
That said, the maximum compensation ceiling is ultimately higher on the management track at director/vp level. Personally, no thanks, don't want that job. Staff+ IC is where it's at for me.
senior engineer ≈ engineering team lead
staff engineer/tech lead ≈ engineering manager
principal engineer ≈ senior engineering manager
Reiterating that management is not a "promotion" from senior engineer, but a track switch.
That said, the maximum compensation ceiling is ultimately higher on the management track at director/vp level. Personally, no thanks, don't want that job. Staff+ IC is where it's at for me.