<p>QCF is Quantitative and Computational Finance. It's model design and analysis specifically for the financial industry, and is a collaboration (at GT, at least) between Industrial Engineering, Math, and Business. Here's the link: H</a>. Milton Stewart School of Industrial and Systems Engineering :: Masters Programs</p>
<p>OR at the Master's level is not normally that research oriented. The coursework usually doesn't go beyond basic deterministic optimization, primarily focusing on linear with some non-linear application. You very rarely get into graphical methods or proof-based work, and quite frankly, if you're going to industry you won't want to get into that stuff.</p>
<p>Setting up a resume, a good thing to do is have an internship. Most people try to steamroll through the MSOR programs - Fall, Spring, Summer, graduation. This causes two problems: 1) they don't have much experience in industry and 2) companies interview in Fall, so a new MS student will be interviewing a month after arriving at college. This is especially difficult on international students, since US companies frequently won't recognize your undergraduate GPA and you haven't had time to acclimate to American culture. </p>
<p>The best bet is to go Fall, Spring, work on an internship, then Fall and graduation. This fixes both problems. First, you'll have an internship to demonstrate some level of experience. Second, you'll interview during your second Fall, when you have a US GPA and a year of acclimation to US culture. School won't cost much more (3 semesters, either way), and you'll have 3 months of salary from your internship. Plus, you'll have gone through interviews twice (once for internship, once for full-time), you'll likely have a job offer from your internship company, and you'll be a December graduate, which interviewers in September favor. </p>
<p>As for job prospects - I won't lie. They are drying up everywhere, and when that happens, the international students are the first ones to have problems (sponsorship is expensive). After talking to some of the hiring managers around, it sounds like 2011 will be an excellent year to graduate. Most companies are freezing hiring in 2009 and 2010, and when the economy rebounds (as it is expected to do in late 2010 / early 2011), there will be a shortage of white collar employees at most companies.</p>
<p>Salaries start in the $60,000 - $70,000 range for MS OR students. That's comparable to CS majors (though CS majors are generally quoted higher because they work in more expensive locations, on average). </p>
<p>I hope that helps.</p>