Instead of working as a data engineer, I'm working at a non-profit doing pretty much everything involving data for them, as well as running their appeals, and doing almost all of the analysis. I'll lead off by saying the biggest downside of working for this particular non-profit is the salary. However, there are a lot of things I like about this job:
1) Location: I want to be located in Chicago. I have 0 interest in moving out to the West Coast. I'm up in the air about working remotely, because I feel like there is a lot of value in working with people in person.
2) The role is very broad. I get to do a lot of exciting things with data, but it is also a marketing and communication role as well. I am included in nearly every strategic discussion, not just those pertaining to data or technology.
3) Work life balance is very good. I am never expected to work more than 40 hours a week. My boss makes sure that everyone is focused on their lives, to the point where he basically kicked me out of the office for a week because I was waffling about taking a vacation. He makes sure that people know they aren't expected to check their email or do work on the VPN during off-hours.
4) The work I do makes a difference. Not in a "I make something people use" difference, but in a "my work has rescued people from being homeless and fed starving kids" difference. My first couple of jobs out of college were totally lacking this aspect, and I didn't realize how much it meant to me until I started working at a place like this.
I've been here a few years now, and so it's approaching the time where I should start looking for a new job if I want to continue to grow, but I'm having trouble visualizing what that would be. From my perspective, the problem with hiring is that job listings really focus on titles rather than roles, even in smaller organizations. I think my best bet of finding an organization matches the first two points, if not all four, is through my network rather than through job postings. So, to your point, the only way I see myself in a narrow-title role like a "data engineer" is if I really need money.