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You don’t want to come here then
I’d say if you wanted to do more pure-strategy type work then look elsewhere (eg MBB), but since your focus is on WLB and less travel - I’d take the offer.
Why would anyone want to do this?
I regret using my MBA on this and will second every other sentiment on this. Your internship will give you unrealistic project expectations with something cool....but this is because you are a free resource attached to a project sold at an incredible discount....
Most MBAs that come back full-time will not be working on real strategy work...they will be doing pmo stuff. strategy work is sold at such low margins they need to use lower priced resources than MBAs.
The people who got ahead in strategy typically started between 2014 and 2017....aka the first 3 years of strategy's inception. Money was cheap and investments were being made to build and grow a practice.