Sorry, I guess we'll have to agree to disagree. The ladders are simply not comparable, even in the Bay Area. Sure, at the entry point where one transfers from the IC ladder to management compensation can even drop. However, that's the bottom rung - and one typically can't get straight into management as a new grad. The management ladder goes higher.

Best to remember this isn't a ladder but rather a tree. Yes, it goes much higher, but you chances of ever getting there is minimal because it narrows so quickly.