MSR is very well-regarded, rather autonomous from Microsoft's product division, and likely larger than any university's CS department. It's not much easier to get a principal researcher there than a professorship at a great university.
They're not as broad as most universities, but they pretty reliably have the most papers in top systems conferences like OSDI and SOSP.
They're not as broad as most universities, but they pretty reliably have the most papers in top systems conferences like OSDI and SOSP.