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I made this same transition many years ago. Having a technical background will do you well in understanding exactly what needs to be done. But, it can often be very frustrating when you can't reach out and fix things. You need to rely on the people that are now your hands-on engineers.
One of he biggest changes that you will experience is that working in a PM role is a thankless job. You get all of the blame and none of the credit. This is completely different than being in the postion of a technical expert/troubleshooter that gets lauded with adulation when they fix something that is faulty/broken.
Is this a path to more opportunity? Yes, it can be. But you need to step up to take advantage of all of the opportunities that may be presented. Those in a PM role are often viewed as administrative dolts by higher-ups in organizations.
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