Yes, there are quarterly reviews regarding performance.
I think the opportunity to grow and move up the ranks is very possible here. Seeing the position other grads are now in after a very short period of time is incredible.
Although I have only been here a limited time, career prospects seem vast. Part of the culture is meritocracy, so rewarding people for hard work & this can be in the form of a promotion. As it is a global company their are also opportunities outside your country of origin