With the passage of H.R. 2055 last December, NIH effectively lowered the salary cap for principal investigators and officials by $20,000. Executive Level 2, which totals $179,700.00, is now in place of Executive Level I, which was $199,700.00. According to Jameson & Company, a CPA firm that works with government grantees and contractors, this development “will have a major effect on University NIH Grants, R01s, and SBIR/STTR and the direct salary received from these awards.” Do you think NIH scientists will leave that revered institution for the potential greener pastures in industry?
Will there be a migration of NIH scientists to the bio industry?