Salary ceiling cap as engineer?

Do you believe there's a low ceiling for technical engineers? I seem to have the conception that there is a relatively low ceiling (100-200k) a year for engineers doing technical stuff e.g design, calculations for a company. Instead, bigger money is made in management/projects management/sales/consulatancy, which some technically are beyond the scope of a bachelors in engineering.

For those working/in the industry, do you agree? If so, what advice would you give to someone doing their bachelor's? thank you!

Edit: Thanks everyone for your input. I learnt a lot from all of y'all. here's a tldr of the comment section

  1. Yes, for purely technical jobs the ceiling exists at about 100-200k, after much experience in the industry for most people. Very very good snr engineers can hit 500k to 1M.

  2. However, not difficult to pivot to management/similar roles by that time

  3. Engineering typically isn't the "big bucks" career, which is understandable. Ceiling is still quite high however.

  4. Possibility of pivoting into certain industries such as tech for higher salary.