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Based on the most helpful WSO content, timelines for hearing back after first-round interviews can vary depending on the firm and their internal processes. For some firms, superday invitations are sent out shortly after first rounds, while others may take longer.

For example, in past recruiting cycles, firms like Piper Jaffray and others have sometimes split candidates into waves for superdays, assessing hiring needs before finalizing the next steps. Additionally, some candidates have reported delays in communication due to internal reviews or logistical reasons.

If you haven't heard back yet, it might be worth waiting a few more days or reaching out to HR/recruiters for an update.

Sources: UG Recruiting Part III: The Super Day and Offer, UG Recruiting Part III: The Super Day and Offer, https://www.wallstreetoasis.com/forum/investment-banking/piper-jaffray-sa-2020?customgpt=1, NYC SA Recruiting 2012-2013, McKinsey/Bain/BCG SA 2022

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