About the Associate Role

Associates are a crucial part of our future growth, developing our culture, hiring and mentoring employees, and participating in new business development. You will drive thought leadership and collaboration to help teams navigate unique challenges, create client solutions that solve complex strategic problems, and answer critical business questions.

Key Responsibilities

Data Analysis

• Own econometric and quantitative analysis workstreams, from problem formulation through execution and interpretation.
• Implement reduced-form and structural econometric models (e.g., OLS, DiD, IV, panel data methods) using Stata, Python, or R.
• Analyze large-scale transactional, pricing, or market-structure data to assess competitive effects and damages.
• Evaluate robustness of results, test alternative specifications, and identify limitations or risks.

Research

• Conduct in-depth economic and competition research to inform analytical design and case strategy.
• Review academic economics literature, prior cases, regulatory guidance, and expert reports.
• Apply economic theory to real-world market facts, translating theory into testable empirical frameworks.
• Support development of theories of harm and economic narratives grounded in evidence.

Report Writing

• Draft technically precise explanations of economic methods and results for expert reports and memoranda.
• Translate complex econometric findings into clear, persuasive written narratives for legal and regulatory audiences.
• Develop exhibits that clearly communicate economic intuition and empirical results.
• Ensure analytical work is well-documented, reproducible, and defensible.

What You’ll Bring

Education & Experience

• Master’s degree in Economics.
• Exposure to antitrust, merger analysis, competition.

Economic & Quantitative Skills

• Strong grounding in microeconomic theory and econometrics.
• Experience applying empirical methods (e.g., OLS, DiD, IV, panel data) using Stata, Python, or R.
• Comfort working with large datasets and translating theory into testable empirical frameworks.
• High attention to methodological rigor and analytical detail.

Communication & Mindset

• Ability to clearly explain economic intuition, methods, and results in writing.
• Strong analytical judgment in ambiguous, high-stakes contexts.
• Coachable, intellectually curious, and motivated to develop as an economic consultant.
• Clear interest in antitrust, competition, regulation, or economic consulting.

Diversity at Keystone

At Keystone we believe diversity matters. At every level of our firm, we seek to advance and promote diversity, foster an inclusive culture, and ensure our colleagues have a deep sense of respect and belonging. If you are interested in growing your career with colleagues from varied backgrounds and cultures, consider Keystone.