It's a question I ask jobseekers every day and I often get a mixed response.
Both are great but until you experience both you never really know how to compare them. It also depends a lot on your personality and how you like to work.
So here is a little breakdown of the pros and cons of both..
INTERNAL
PROS -
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get to work on and really "own" one technical environment
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work with the same exact team every day
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no need to worry about timesheets and billable hours
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suits someone that is a little resistant to change and likes the status quo
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you can become a specialist in one or a few technical areas
CONS -
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less variety and technical exposure in your everyday
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potential that you may be pigeonholed with regards to technology
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slightly reduced chance of training and development
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work in the same exact location every single day
MSP
PROS -
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get to work with different technology and on different technical environments on a daily basis
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work with different people every day
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suits someone that loves to learn and loves a dynamic workplace where no 2 days are ever the same
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you will become a very strong technical generalist
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you will be able to work with cutting-edge technology must earlier
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more chance to get involved in project work
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potentially more chance of training and development
CONS -
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have to worry about timesheets and billable hours
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have to do more on-call, after-hours work
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may have to travel more to multiple-sites
So there you have it – as mentioned both are great but you need to think about what makes you (and potentially your wife) happy on the daily :-)