As for the bolded, that has never been my experience. I don't know who it would be valuable to besides the individual (and maybe globally society at some distant juncture). My own department chair has repeated told us that from a financial standpoint, RPG are money losers. That's probably not really true on face value if the annual directs are in the millions (and they do often bring prestige which can help donor money), but for the more individual RPG, the more you can bill clinically and generate RVUs, that is definitely true. Therefore, I've always viewed research and funding as a personal professional award (ie, I get to keep doing what I'm interested in even though most others, and the institution, don't care). It's really more of a paid hobby than anything else.
I know this is all specialty and department specific, but I can say in my case I would not still be in my current institution had my first R01 not gotten the fundable summary statement when it did. There were a lot of issues that I faced at the time that were fixed because I negotiated with that grant and a job offer somewhere else. If I didn't have that grant, there would have been no negotiation to keep me here.
It is also quite common in my specialty and some other specialties I work with for people to get that first R01 equivalent and go somewhere else with it. I talked to my NIH program officer about this possibility, and they also told me it's quite common. I've had a few unsolicited informal offers come my way over the past few years that I don't believe I would have received without the grants. I don't recall ever receiving unsolicited informal offers before my grants got funded. Obviously, more has happened over the past few years than just my grants, but they are a major factor. All of that written, the job offers have never had sufficient pull to make me want to leave.
Well, in no defense of those people who referenced in the thread you linked about pediatrics, most of those folks are insufferable as hell and complain about how they don’t have effort academic time AND don’t get paid enough, not realizing that they are pissing away their academic time AND also not seeing patients to generate revenues. They are the reason that I would never choose to be a division chief. I don’t have time for that victimhood mentality.
And don’t get me started on the person who was given 75% protected time and intentionally pissed it away who I ranted about.
And as I stated, those aimless academics are training the next generation of aimless academics to continue the cycle till we end up in idiocracy till I end up looking like “Not Sure”.
I have seen so many people demand academic protected time and then do nothing with it.
Regarding the 50%+ academic types failing to do anything worthwhile, this has resulted from poor hiring decisions in my opinion. In my opinion, people being hired for a physician-scientist track need to have a strong track record, a clear plan to obtain funding, and the proper resources and environment to actually do it. The leadership I've seen has just kind of like "we like this person, so here's protected time" without adequately addressing if the person has the correct track record, a clear plan, and the right institutional environment for success of their proposed research program. It's just kind of a "well they'll figure it out" sink or swim. The faculty member feels great because they can do a lot less and collect full academic salary for a number of years before transitioning to full clinical or bailing to the private world. They'll blame all their issues on the institutional issues that reflect that I'm not sure they should have been hired in the first place. Then the institution or department turns around and says "that's why we don't support physician-scientists." It's an absolutely bizarre dynamic that I think is a function of poor leadership.
Regarding the 20-30% protected time, that's pretty useless to build a physician-scientist career except for the most motivated and/or insane. That is, I did it, but it was a combination of insane luck and work ethic that I don't think you can expect from most faculty. This protected time is standard in a lot of academic departments because 20% protected time at some institutions is actually full time RVUs elsewhere because they cram in the patients while they're in clinic. Such faculty need a day or so to catch up and hopefully publish one soft paper a year to get promoted and get pay rises down the road.
However, for most of these people it makes no sense from a financial angle to use protected time to even apply for NIH grants. It's a ton of work and admin overhead that would eat up most of one's protected time. Even if one were to say, get a K then an R to provide 3-4 days of research time...given the NIH salary cap and various institutional compensation minutiae, cutting back clinically would result in a huge paycut.
Of course there are other reasons to apply for these grants, such as if they enable one to do research that would otherwise be impossible with multi-PI/center grants, philanthropy, or industry funding. Prestige, etc. Most proceduralist MD-PhDs I know who get these grants do it because of some combination of the following:
1) they are clinically extremely unproductive because of a lack of skills/hard work
2) they hate clinical medicine and basically will do anything to avoid seeing patients
3) flexibility. They don't want to work 7a-6p doing clinical medicine (similar to above).
4) it is a hobby. Typically these live in LCOL areas and/or have a spouse who makes a lot of money.
As what I guess you could call a proceduralist MD/PhD, I disagree. First, the academic mission of the University is to have academics. Grants are a nationally competitive way of certifying that the research you are doing is meaningful. Is it perfect? OF COURSE NOT. But, anyone who has managed to pull down an R01-equivalent, or especially several, is someone who is at least trying to do research. It's a decent enough filter. Sure, they're money losers, but if you're not going to support people to do research and get meaningful grants, what is the academic department even doing?
Second, I write grants because I need them to support my lab since I trained to be a physician-scientist and I believe in being a physician-scientist. Regarding 1 and 2, nobody would say that about me. In fact, I love to keep up my clinical skills so I can pivot back to clinic if things ever go unfavorably for me in the lab. Regarding 3, I am here 10-12 hours a day anyway, though I do like the variety of lab and clinic. Regarding 4, if I didn't have to work, this is not what I would do for fun.
It is not necessary for tenure at many institutions in my specialty. But as stated in other threads, tenure is meaningless. Some of my friends don't even bother to apply for it until the very end of their eligibility period because it's not worth their time to fill out the paperwork.
I like the job security that tenure provides. It's not fool proof, but it's not meaningless, at least around here, historically.
I think it is important to note that grants, although sometimes required to do some research, are not really important per se. Grants do not advance the field. Grants do not help patients. They are an epi-phenomenon of our current scientific structure, but it is papers, patents, presentations at conferences, clinical trials, etc that are the real currency of success (although not always recognized as such by tenure committees and the community at large).
Grants allow you to have (or keep) the lab. If you can have a lab without grants, good for you, I guess.
I am a bit off-topic from the age at 1st grant. 45/46 is insane. Manage your money well in a proceduralist specialty, and you can retire at that age.
I was a spring chicken at 41 when I got my first. It is kind of crazy, especially because a lot of people view the first R01 as independence. At the end of the day, I think you have to view your research trajectory as a continuum, and view a lot of the start-up package/K-award level work as your own, even if others don't see it that way.
As for retiring at 45/46... With a family? I doubt it. I mean anything is possible and it depends on your income and expectations in retirement, but I think that's a stretch.