That depends on the company. Many companies rate their managers on how well they do useful things for their people.

I've seen companies that do and companies that don't. I've actually had managers try to dissuade me from growing my scope of work or growing my career. "I don't know why you'd want to be promoted to manager, just stay an IC" was a common phrase to push back against my expressed desire for career growth. Definitely happens. Lots of companies erect career-ceilings over you.