STAR WARS™: Squadrons - Pilot Briefing: Ranks, Rewards, & Progression
Let's go over the core pillars of Squadrons' online experience.
www.ea.com
Challenges
You'll want to regularly complete your Daily Challenges to keep getting rewarded while playing Squadrons. They're often simple objectives that provide you with Glory to unlock cosmetics for your starfighters and pilots and encourage you to try different ships and components to achieve completion. Glory is also earned based on how you perform in a match. Operation Challenges, however, are different. They can reward you with unique cosmetics and are tied to the game's ongoing Operations.
Operations and Ranks
Operations are 8-week cycles that happen in Squadrons, and each Operation brings with it a set of unique cosmetic rewards that can only be earned by completing its Challenges. Certain Challenges also offer unique rewards, too, so once they're gone, you won't be able to get the cosmetic unless the Operation Challenges return one day. Seeing which pilots are showing off their unique flair will be a good way to tell if you're up against a dedicated ace.
Also tied into these 8-week resets is your Fleet Battles rank. With every Operation's conclusion and the start of a new one, your competitive rank tied to Fleet Battles will reset, allowing for a regular reassessment of your skills. To get your first rank, you'll need to play in ten placement matches.
The ranks are as follows from lowest to highest:
Maverick - Hotshot - Hero - Valiant - Legend - Galactic Ace
Levels
Players also have their own personal level. Your level is a linear progression path that does not reset, unlike your competitive rank. For the first forty levels, you'll unlock Requisition points that can be used to unlock ship components. If you're one of our more dedicated pilots and you hit level 40, you'll have enough points to unlock all components, allowing you to try out every potential starfighter build. Our goal with levelling isn't that you'll get more powerful as you level up, but rather that you'll have more options available to you (via components) as you play.
There's more in the link above.
Honestly the progression and stats here is looking to be more impressive than Battlefront 2's.