The first step I always think that is being honestly concerned and caring about people and making them the best that they can be without toxic behavior and then balance it with company expectations and project management skills.
Folks complain that this is too much to learn, but this is the reason why managers get paid more. Not the case in the real world, unfortunately
Which would make for a terrible manager.
I'm a couple years away from 50, and "stuck as a developer" and it's fine, and having "young people above me" is no concern. They're team-mates and sometimes friends.
If I eventally make the switch to management, it would be because I got less interested sofware systems and more in team systems.
!(manager > engineer). Just different.
So if I can study my way into management, I’d love to know more about it. Simply getting a masters or an MBA shouldn’t cut it, because it’s just theory and not real experience, right?
I don't get the sense that you have any actual interest in studying or doing management.