In this study, a simplified approach that can be used for the selection of the design parameters of carbon and glass fiber reinforced composite beams is presented. Important design parameters including fiber angle orientation, laminate thickness, materials of construction, cross-sectional shape, and mass are considered. To allow for the integrated selection of these parameters, structural indices and efficiency metrics are developed and plotted in design charts. As the design parameters depend on mode of loading, normalized structural metrics are defined for axial, bending, torsional, and combined bending-torsional loading conditions. The design charts provide designers with an accurate and efficient approach for the determination of stiffness parameters and mass of laminated composite beams. Using the design charts, designers can readily determine optimum fiber direction, number of layers in a laminate, cross-sectional shape, and materials that will provide the desired mass and stiffness. The laminated composite beams were also analyzed through a detailed finite element analysis study. Three-dimensional solid elements were used for the finite element modelling of the beams. To confirm design accuracy, numerical results were compared with close-form solutions and results obtained from the design charts. To show the effectiveness of the design charts, the simplified method was utilized for increasing the bending and torsional stiffness of a laminated composite robotic arm. The results show that the proposed approach can be used to accurately and efficiently analyze composite beams that fall within the boundaries of the design charts.