I usually differentiate between visionary product managers, leading the product and the team strategically, and the not-so-visionary product manager, caring more of details and drawings nice slide decks. Both types actually exist and both types seem to be actively sought: Recruiters have a very distinct idea of who they search and how much to pay them.
Of course, no recruiter actually admits that they search an inexpensive PowerPoint worker.
However, maybe I was wrong with the assessment of the two types: Roman Pichler points out in his post Matters: Big vs. Small Product Owners that different maturity levels require different types of product managers. True point.