Higher education institutions are increasingly being assessed on their ability to generate a positive return on investment (ROI) for their graduates. Students, parents, policymakers, education institutions, and rating agencies all use this information as a way to objectively rate colleges and their respective economic returns. Numerous studies have addressed the growing need to quantify the ROI of colleges and universities. A leading resource is the U.S. Department of Education's interactive College Scorecard. The Scorecard provides students and families with useful data to make more informed decisions on higher education institutions. This study provides a framework for conducting a basic cost-benefit analysis of four-year undergraduate business schools in the Commonwealth of Massachusetts. The parameters in this study were based on specific search criteria using the federal government's College Scorecard. A future recommendation suggests expanding to include institutions in other states, other types of institutions (e.g., two-year colleges, for-profit, etc.), and different programs of study.