You now have you K99/R00 award from the NIH, but what are you going to do with it? April is negotiation time and I have been speaking with multiple friends dealing with job offers. Through the years I have collected information from multiple K99 recipients and gone through my own negotiations and learned a few things.
How much you get out of it depends on how much you can push your bosses. When negotiating I was advised to push as much as I could and back off only when you get the feeling that you have reached a limit. You must absolutely get what you need to do your work, but then there may still be things that you want which would make your life easier. So you must get what you need and keep trying to get what you want.
When you get your K99, if you are not already a Staff Scientist/Instructor, you should ask for a promotion which comes with a salary increase. As a PhD at this point you should be making between $60-80,000 depending on the salary structure at your institution. The decision may be yours in relation to how much you want to pay yourself. You may need more money if you have expensive child-care and a mortgage and should clearly state this to your boss or you may decide to funnel more money into the supply budget and keep your salary lower.
- No salary support from K99: I talked to someone who was able not to put any salary on the K99 portion because his boss agreed to support him and he could use all the money to pay for a technician and to buy small equipment and supplies. That is a huge chunk of money that you can use to offset your start-up.
- Partial salary support from K99: You must put at least 75% effort on your K99, but the rest of the salary can come from somewhere else. As I discovered, if you help your PI with an R01 and are listed as Key Personnel on it, you cannot be removed, so an additional portion of your salary can come from that.
Faculty salary negotiations always catch people unaware. We have no training whatsoever to negotiate for salary and in a lot of cases we do not even know how much an Assistant Professor is supposed to make. Depending on the institution and geographical location it is safe to say that a research university pays between $70,000 and $130,000. That is a huge spread and for a frame of reference for your specific institution you can use Glassdoor. As far as I know salary negotiation for myself and most of my friends went like this - Chair:"We are going to pay you $X" Interviewee: "Oh, OK. That sounds good." Whatever they offer may be fine for you, but your should make some calculations before to make sure you get what you need if you have tuition or a mortgage to pay. If you can justify a specific need, you should ask for what you want. And then you need to discuss how much you will put on your R00...
- No salary support from R00: For a long time I thought this was a white whale, something you really want and that keeps eluding you. I was intrigued by this wording in the K99/R00 Program Announcement "Institutions must provide a startup and salary package equivalent to that provided to a newly hired faculty member who does not have a grant; R00 funds may not be used to offset the typical startup package or to offset the usual institutional commitment to provide salary for tenure-track (or equivalent) assistant professors who are hired without grant support." My assumption is that if other tenure-track assistant professors are hired with full salary support for the first three years, putting part of your salary on the R00 does offset your start-up package, but everyone I knew has partial salary on the R00. Until I found out that someone was able to negotiate no salary on the R00! This allows you to hire one or two extra people and can make all the difference in generating data during the first few years. It doesn't hurt to try.
Hope this is helpful. Please keep me posted on how your negotiations go, so that I can update.