Why is career advancement important?

Career advancement is important for several reasons. Here are a few examples of how career advancement can benefit you:

Prevent mediocrity and job dissatisfaction by leading you to take on additional roles and responsibilities within your existing company or with a new employer. For example, consider a sales representative who starts getting bored easily at work. When they get a sales management position, their motivation for the job returns.
Create an opportunity to pursue other career interests by encouraging you to continue pursuing your dreams and seek out new opportunities. For example, if you work as a buyer for a clothing retailer and use your knowledge of trends and manufacturer relations to open your own clothing boutique, you create your own opportunity to advance.
Allow for increased salary expectations and livelihood due to continuously pushing yourself to be better and go after more responsibilities with a higher pay grade. For example, as an entry-level accountant, you made an average of $45,000 per year. Ten years later, you could make $100,000 per year working as a senior accountant for a multi-national corporation.
Encourage continuous learning and professional development because you may need to get additional degrees or certifications to pursue a more senior position or role. For example, an IT sales representative can achieve a job as a full-stack developer after achieving certifications in front-end, back-end and full-stack web development.