Are you deciding if management is right for your career path? This blog will discuss the pros & cons of entering management.
There are many positives to being a manager. Managers generally are paid more than others in the company. They appear to have more power. And the power and pay differences tend to give the position more status or prestige.
Remuneration: Certainly the top manager in a company gets paid more than anyone else in the company. Managers are generally paid more than everyone in their group as well, but not always. For example an Architect in a project may get paid more than a Project Manager. Smart companies pay their people based on their value to the company, not on their title or position, and in that company, key members are more valuable than their manager.
Authority: Most people, including most managers, believe that managers have more authority than the people in their groups. While it's true that managers commonly have certain functional authority delegated to them, like setting work schedules for the group. But true power cannot be delegated to them from above. Managers are only as powerful as they are capable of making their group more successful. And while their ability to lead the group greatly influences it, their power comes from the willingness of the people from the group that grant it to them.
Value: In our society, people value titles. A title of Senior Vice President, Department Head sounds much more impressive than Principle Architect etc. However, the manager may get $90,000 per year while the Principal Architect may get well over $100,000 per year.
Accomplishment: If your goal is to be top manager CEO/GM/MD of a one of the fortune 500 company, you probably should start early on a management career. If you have Business Administration degree (Graduate or PG) would be added advantage for your goal. If you want to be President of the India, a management track isn't required. If you want to brag to your...
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