The question you should be asking yourself is 'What IS my goal?'. If your career goal is primarily a financial one - then a management position is probably not the best move. If, however, you have a desire to become more involved in the 'BUSINESS' side of IT (i.e. helping to establish a company's IT strategic and tactical direction) then management is a better move professionally. Although job security is elusive in today's market, it is fair to say that, in relative terms, a management position does offer better security. The income for a consultant is higher because the security, at times is much lower. Reflect upon your goals before making any decision.
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This was first published in May 2003