I am transitioning from the technical lead position to the Engineering Manager role and it is has now been brought to my attention that my salary can decrease as M2 band in Oracle is less than IC4 band. I feel like shit after knowing this. First I will have more responsibilities as manager and less pay too. What do you guys think? Is this true in every company? TC: 350k
In certain companies and orgs management is cherished. In other companies and teams ICs are cherished. Pay will skew based on that. The tech industry is a sh!t hole in terms of standardization.
Your problem is that you are going from IC4 to M2. It’s down level. Equal transition would be IC4 to M3.
More responsibility?
Management Ladder versus IC/Technical Ladder running parallel, up until a certain extent.