I am a 50 year-old clinician scientist, tenured professor, with 7 high impact papers (>300 citations each). I got offered the miserable "Instructor" position at a top 10 institution (big size pond but full of piranhas) as I was completing my clinical training. I declined and decided to take an Assistant Prof (AP) position with a 50/50 split in the middle of the country (medium size pond). Salary was low compared to other AP in my department (but higher than the Instructor by ~40%) because I was taking a pay cut for doing science. As I got my K award, the salary improved slightly, but I had to move again to another institution (to Texas) getting slightly better salary support and lab. I moved up thru the ranks at a 50/50 split doing research at a VA medical center. I worked 70 hour weeks, no short-cuts - some flexible time, but I also kept my commitment to my family. My research productivity has been low compared to physician-scientists doing 80 or 100% research, but I kept publishing a reasonably good paper every year. In my clinical time, I kept training clinical fellows who immediately got offered higher salaries than mine by private practices (PP) when they completed their training. I also got offered several PP/Group positions that double or even triple my salary. Did I have many doubts? Certainly, but I turned down many of those positions because I wouldn't get to do
what I enjoyed the most, research and teaching during clinical service. Eventually, my salary moved up as I took over some administrative duties. In addition, I also own a little piece of a company that is in phase III studies.
My trail has not been easy and has had many detours, but I have enjoyed the journey. I also been patient and lived within my means. As a single income family, there was always pressure for earning a little more. We adjusted and have lived comfortably well, after all, Texas is quite cheap and has a great quality of life. This year, I am extending a 3 day scientific meeting in Buenos Aires to a 2 week trip to Patagonia and Mendoza, but I also drive a >10 year-old vehicle. By some measures, I have succeeded - being tenured as Assoc P, promoted to Professor, reasonably well published relative to effort, made an impact in my field); by others measures, I have failed - for example, I never been 80/20 or being simultaneously supported by multiple R-01s. I have had enough research funding that allowed me to get by, now 17 years after completing fellowship. This year (2014), I will have at least one (moderate journal impact) paper in: 1) health care outcomes, 2) clinical research, and 3) basic research, while I still am taking care of patients ~50% of time. To me, that is a successful career because it fits my own personal needs regardless on how my 80/20 colleagues look at me.
Some lessons:
- If you can, leave the Ivy schools. It is easier to succeed in "mid-size ponds" than in "big ponds". You are appreciated better.
- Consider the VA medical centers because the clinical time commitment is more limited as compared to other clinical practices, and research funding still is ~25%.
- Periodically examine opportunities (every 3-5 years) in other institutions. The only significant way to increase your salary/lab goodies is by threatening to leave (a disruption in research) but they make take you on that offer.
- Be authentic as to what you want for yourself. If driving a Maserati is what you need, this path is not for you.
- Despite the challenges, if a Clinician-Scientist (CS) career is what makes you happy, stay on. Better opportunities will open up, as there is attrition of others who did not persist.
- Resilience is a critical skill for MD/PhD graduates, and it is difficult to measure up-front during the admissions process.
- You must need enough (but not too much) of an ego to persist despite the challenges.
Getting back on track to OP:
The NIH, CDC, and the R-1/CTSA institutions will need to replace their current faculty. That is a fact. As discussed in this report (
https://www.aamc.org/download/369006/data/faculty-attrition.pdf ), medical schools have had "remarkable growth of full-time faculty members from 30,000 to more than 140,000". The growth was fueled by making clinical and research revenues to support the institutions. Many of them invested heavily in buildings and other liabilities and got caught with their pants down as both of the financial foundations of these enterprises (research and clinical) are under attack. Obviously, salaries and jobs were the casualties. Academic health centers are tightening up the use of the time of their most valuable asset, their faculty. This has resulted in a greater number of disatisfied faculty:
http://www.hopkinsmedicine.org/education/women_science_medicine/_pdfs/Why_Are_a_Quarter_of_Faculty_Considering_Leaving.2012 onlineproof.pdf
In my view, this is an adjustment as the 1929, 2000 or 2008/9 financial crashes. There will be attrition, primarily in the PhD fields but also some of the MDs, followed by an equilibrium with some "growth" without exuberance. MD/PhD graduates, I believe, are better situated to take advantage of these shifts. Some as described by other posts above, might shift into a 25R/75C position for a few years, but as the tide changes, they might seize a 80R/20C position. As usual, past performance is no guarantee of future returns. This is my (I believe) educated guess...
The NIH goal is to train basic AND clinical investigators. Those who are doing clinical or health care outcome research are also a success. There are many doing the latter who make contributions to translating discoveries into improved health for the community.