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The Wharton School remained in fourth place for the second year straight in Bloomberg Businessweek's rankings of undergraduate business schools, released Friday.

The Mendoza College of Business at the University of Notre Dame took the top spot, while the McIntire School of Commerce at the University of Virginia and Goizueta Business School at Emory University ranked second and third, respectively.

Wharton commanded the top spot from 2006 to 2008 and dropped to third place in 2009.

According to Bloomberg Businessweek, the publication used nine factors to evaluate undergraduate programs, including a survey of corporate recruiters, the academic quality of each program and the number of alumni it sends to to MBA programs.

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