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L4 is senior and above right? Or manager and above ?
L5 is senior, L4 is mid level engineer. L6 is principal and L7 is director/manager.
No, they don't for undergrads. For masters, it's conditional and depends on BU. I referred few candidates last year, and both (undergrad + grad) were not shortlisted.
They sponsor for only L4 and above.