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What does the partner role mean at Microsoft? Is it part of every career ladder? Say a principal engineer goes from 65 to 68 partner. What's the difference in responsibilities?
If a person reaches there from an IC ladder, what are the responsibilities? I can see directorial responsibilities from a managerial point of view.
What are deferral plans?
"Highly Compensated Employees (HCE)" at many large companies can be given the option to defer their compensation to future years in addition to their normal 401k type deferrals which have annual limits (e.g. 20k/yr).
It means you are surrounded by sharks
What does it mean to be on bench for partner track?
You are L67. Microsoft tries to limit the number of partners so until there's movement, you will stay at 67 waiting for your turn. That is unless you do something really amazing/get bigger scope to justify your move into Partner band.
Got it. So when you are 67, you're put on the bench for partner?
Partner (L68) at Microsoft is generally similar to Director Level roles at Google, Amazon, and Meta (D1 / L8). At Microsoft, it imbues additional perks related to compensation, such as deferral plans, etc.
Just fyi, deferral plans are available starting with 67.