UVA Undergrad Business

Does anybody have more details regarding how many people are admitted and what are the major criteria for getting in to Undergrad business. Only information, I have is from P&Q 2018 ranking based on 2017 data.
P&Q says they only admitted 21% (if i remember right) of the students who applied after the sophomore year? Would love hear from current students/parents/alumnus and what were the biggest factors - academics, what type of clubs they were involved during the first two years, do the SAT scores and high school matter at all…etc.
University of Virginia comes in 3rd per P&Q and also their placement in Finance appears to better than most schools except UPenn.
We are not sure if our son should apply since there is one round of application, screening and essays etc. after two more years? His numbers will most likely get him in to UVA but we are not sure if it is worth going through this hassle of application process again?
All feedback would be appreciated.

McIntire has five years of data and info about the criteria they use on their website.

https://www.commerce.virginia.edu/undergrad/application-process-uva

Looks like the acceptance rates are hovering around 60% for McIntire. Seems to me that he would have a good chance of admission if he’s a serious student.

Thank you Dean J and rickle 1 – after seeing the data, we are kind of encouraged and will discuss with our son to consider applying to UVA!