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Large companies like Microsoft tend to have very high competition. The trade off is that if you can do well the pay is going to be very well.
No, no.
The vast, vast majority of MSFT 'employees' are contractors, V dashes, A dashes, etc, who functionally keep working different MSFT contracts over and over again, but get paid far less than actual salaried, proper employees with stock options.
MSFT will string along these contractors along with what you are saying 'do well and we'll hire you and pay the big bucks', and in reality this basically never happens.
This institutional, pathological reliance on contractors over traditional employees is a huge reason why MSFT's work culture is so toxic, why MSFT's management is so incompetent, and why their products seems more and more like a bunch layers of inefficient and buggy spaghetti code worked on by hundreds of random people with no core, consistent design principles.
Because they are.
Anyway, you only get hired as an actual proper MSFT via grandfathering or nepotism, actual competency only qualifies you to be a contractor.