If you start college (assuming you’re an American) do not under any circumstances drop out. This goes double for grad school. What will happen is the at you’ll still owe money on your student loan, but will not have whatever advantages you might have accumulated as a result of having a degree.
I’m a manager at a FAANG and have been involved in tech and scientific research for commercial, governmental, and military applications for about 35 years now, and have been through a lot of different careers in the course of things.
First - and I really don’t want to come off like a dick here - you’re two years in. Some people take off, and others stay at the same level for a decade or more. I am the absolute last person to argue that we live in a meritocracy - it’s a combination of the luck of landing with the right group on the right projects - but there’s also something to be said about tenacity in making yourself heard or moving on. You can’t know a whole lot with two years of experience. When I hire someone, I expect to hold their hand for six months and gradually turn more responsibility over as they develop both their technical and personal/project skills.
That said, if you really hate it, it’s probably time to move on. If you’re looking to move into a PM style role, make sure that you have an idea of what that all involves, and make sure you know the career path - even if the current offer pays more, PMs in my experience cap out at a lower level for compensation than engineers. Getting a $10k bump might seem like you’re moving up, but a) it doesn’t sound like you’re comparing it to other engineering offers and b) we’re in a down market and I’d be hesitant to advise anyone to make a jump right now if their current position is secure. Historically speaking, I’m expecting demand to start to climb back to high levels in the next 1-2 years.
Honestly, it just sounds like your job sucks. I have regularly had students, interns, and mentees in my career because that’s important to me. One thing I regularly tell people is that if there’s something that they choose to read about rather than watching Netflix on a Saturday, that’s something they should be considering doing for a living. Obviously that doesn’t cover Harry Potter, but if you’re reading about ants or neural networks or Bayesian models or software design patterns, that’s a pretty good hint as to where you should be steering. If you’d rather work on space systems, or weapons, or games, or robots, or LLMs, or whatever - you can slide over with side and hobby projects. If you’re too depressed to even do that, take the other job. I’d rather hire a person who quit their job to drive for Uber while they worked on their own AI project than someone who was a full stack engineer at a startup that went under.
Anyway, that’s my advice. Let me know if I can clarify anything.