I have heard a lot about other college and Investment banking, However, I have never heard of anyone listing Yale on that list. Is it a good school for that?
Yes
Investment bank training programs are full of graduates from ALL of the Ivies.
Yale will give one all the opportunities he/she needs (but of course one would need to seize it). The following is the placement report: http://ocs.yale.edu/sites/default/files/Final%20Class%20of%202015%20Report%20%286%20months%29%20-%20FINAL.pdf
% graduates into consulting and finance is slightly above 30%, which is similar to that of Harvard.
You may want to read an academic paper by Lauren Rivera, titled " Ivies, extracurriculars, and exclusion: Elite Employers’ use of educational credentials." It is an easy read for a high schooler. It will give you some perspective about the signal of a Yale education on the job market.
You should read "Excellent Sheep " as well for one perspective on the Yale to I Banking/Management Consulting path.
This is a little bit of book review for Excellent Sheep:
“But the author consistently peels off in interesting directions. He speaks directly to students, giving this advice, for example, about cracking the mold while at college: “Don’t talk to your parents more than once a week, or even better, once a month. Don’t tell them about your grades on papers or tests, or anything else about how you’re doing during the term.” He concludes this litany this way: “Make it clear to them that this is your experience, not theirs.””
Wow!
I’ll just note that the author of Excellent Sheep was denied tenure by Yale. He didn’t seem to have any problem with elite schools before that.
Yeah, just take your parents’ money and then shut them out. Because that’s the way intelligent and decent kids behave. Better to be a thoughtless ingrate than a sheep
Gosh, is IB still a thing? 
J/k. From what I see, a good number of Yale grads do the traditional IB analyst thing, but I think more and more are going the quant or tech route at banks and hedge funds.
My 2 cents: IB will be always a thing. There will be a little bit of further cost saving and possible consolidation among full-scale big banks, say DB, in the near future. But IB will continue to be a rather big industry in the long run because the size of this industry is largely proportional to the size of the overall economy. The existence of IB is based on a few robust economic functions that they provide to their clients: risk sharing, pricing, and market making. The need for these basic economic functions is unlikely to go away even in a “new” economy.
In contrast, IMO the hedge fund/quant industry is more problematic. Its fee structure is not sustainable; they charge way too much. The average performance in recent years has converge to the norm relative to other asset classes, or even worse. Many big, reputable institutional investors have been reducing their exposures to this industry. There will be always a few funds do well, but probably more due to luck instead of skills from clients’ perspectives. Another problem to this industry is that too many ambitious new comers have a simple, naive version of how the financial world works. They were trained in those departments whose faculty have almost never published in a finance journal. There is nothing wrong taking a few courses in stochastic process and machine learning. But these courses alone will not take too many people too far.