Its common for nearly any role and level. Change companies for biggest raises and fastest career progression.

I work in finance communications and job hopped every 1.5-2 years since college, progressing far more than the raises I received at any company. I have been with my current company only because they reward well internally and promote/progress people.

Been with my company for about 2.5 years, received a promotion earlier this year and likely to get a good pay bump next month as well. Have moved from $100K at the start of COVID up to likely $135K. I know I can get a bigger salary if I move to another company closer to $175k+, but I can make more than that if I stay put at my agency.... I also work about 30-35 hours a week and leave at noon every Friday.