Business Development Internship at MM M&A?

Got an email from Spectrum Acquisitions saying their only positions open are Business Development and are commish only.
What would I be doing? Would this help in getting an IB position next year? I'm a current sophomore.

They are involved in sell side services, buy side services, valuation, debt/equity placements. Anyone care to shed some light on what this internship could entail?

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