Yes, quants can indeed make seven figures, especially at the higher end of the pay scale.
Based on the latest Glassdoor data, the salary insights for quants show a base pay range of approximately $86K-$161K, with the total pay (which includes bonuses) reaching up to around $379K. The bonus component alone can be quite substantial, averaging about $117K-$218K.
At top firms, particularly in finance and hedge funds, it's not uncommon for experienced quants to earn well into the seven figures when you factor in performance bonuses and other compensation elements.
If you're looking to break into this field or advance your career as a quant, focusing on gaining relevant skills, experience, and possibly pursuing opportunities in high-paying financial institutions could help you target those seven-figure salaries.