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Based on the most helpful WSO content, it's not uncommon for candidates to experience delays in hearing back after superdays, especially if HR mentions there are no updates yet. This could mean a few things:

  1. Waitlist Possibility: You might be on a waitlist while the firm finalizes decisions or waits for other candidates to respond to offers. This is a common scenario, as seen in threads like the "IB Superday Waitlist Followup," where candidates were advised to reiterate their interest through polite follow-ups.

  2. Internal Delays: Sometimes, decision-making processes are delayed due to internal factors, such as scheduling debrief meetings or aligning with hiring needs. For example, in the "Delayed final round feedback" thread, a recruiter mentioned that decision meetings were pushed, which caused delays.

  3. Not Cooked Yet: The lack of updates doesn't necessarily mean you're out of the running. Persistence and patience are key. Continue to follow up professionally, but avoid overdoing it. A polite email every 1-2 weeks to reiterate your interest and inquire about updates is sufficient.

If you're feeling uncertain, consider reaching out to any alumni or connections within the firm to see if they can provide additional insights or advocate on your behalf. Good luck!

Sources: MS SA 2020 Update, https://www.wallstreetoasis.com/forum/investment-banking/piper-jaffray-sa-2020?customgpt=1, IB Superday Waitlist Followup, 2022 MS Freshman Enhancement Program?, Delayed final round feedback

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