I am a senior manager with managers and individual contributors as direct reports and have found out recently that I will be asked to move to a lower role, with someone else filling my role. This is based on feedback with areas I can improve upon. The first position is a manager role which will report to the new senior manager. The second position is an individual contributor role which reports to the Director as a project manager. Both roles are at similar levels in the organization, however the manager role would be a visibly lower role to all team members.
I am leaning towards the manager role since it could be good opportunity to grow and develop with maybe an opportunity to go back into a senior manager role.
In terms of the project manager role, there is a strong organizational need for a project manager. I have been successful in this role in the past and can quickly fill the role but I'm not sure if it would help me on the road to becoming a senior manager.
Any thoughts on the choices above? Would any of the roles be weighed differently (on resume, interviews), if I decide to look elsewhere in the future for a manager or senior manager role?