In general you hear people say a lot "Well, I went into management because the pay potential is higher and at an IC level you can really cap out fairly early".
Well, the reason the pay is generally higher is because it is, generally, a much shittier job. If the pay was the same between developer and management tracks you'd see a heck of a lot fewer people wanting to get into management.
I have never heard anyone say they went into management for the money and then stick with it for long.
At least for the companies whose pay scales I’m familiar with, that would be a terrible trade off. You maybe get a tiny bit more money than a high performer, but you have a world of responsibility coupled with less control of your work product.
You need to love coordination and mentoring to be a good manager (among many other things).