I have recently been made aware of my role change from an electronics and software engineer at a medium size company to that of their new product engineer. From the outset the change in role seems to imply a promotion stemming from my previous work on independent projects in the company. However dwelling on the change of responsibilities from designing new products and software to purely working in documentation/product support, it has caused me to re-evaluate my position and if my new role is a promotion at all. Alas that I have never heard of this job title before professionally and never met with any others who hold this position.
From research on glass-door and job search websites it appears that Product Engineering has less room for wage improvement than Design Engineering (with the median Product Engineer salary staying at 50k Euros compared with the Median 75k for Design). In perspective, My current wage is 27k euros with a projected 1.5% increase with my new role.
I was wondering if being a product engineer would put me at a disadvantage if and when applying to other companies to further my career in design? Do companies value product engineers as a part of the design process and can a product engineer realistically progress towards project management and design leadership which is my career goal? If not, what kind of progression is realistic for a Product Engineer and should I consider seeking a change in employment?