Nokia

Good first experience: relaxed work environment, virtually zero overtime.

Fair benefits, depending on the specific location one is working at.

As a beginner, right out of school, you will most likely be tossed to work on a product that uses outdated technology. So, embrace the phrase 'for historical reasons.' As a developer, this is a major pain in the back.

Gathering competence in company-specific technologies does not help your career path, unless, of course, one wants to stay at Nokia for several long years.

Senior dev people are not compensated properly. Management does not seem to realize that without seniors, the whole development goes down the tube.

Do not fool yourself with the "relatively low" attrition rate. Factor in the level of experience of the ones leaving.

Starting salaries are okay, but fall unbelievably behind the competition at the 3-5 year mark, even with 2-3 promotions. This is a major factor for young engineers on the verge of starting a family.