The 1943 All-Southwest Conference football team consists of American football players chosen by various organizations for All-Southwest Conference teams for the 1943 college football season. The selectors for the 1943 season included the Associated Press (AP) and the United Press (UP).

• Jim Callahan, Texas (AP-1)
• Jim Hallmark, Texas A&M (AP-1)
• Ralph Ellsworth, Texas (AP-1)
• Joe Magliolo, Texas (AP-1)
• Ralph Park, Texas (AP-2)
• Marion Flanagan, Texas A&M (AP-2)
• Jim Lucas, TCU (AP-2)
• Stanley Turner, Texas A&M (AP-2)

• Joe Parker, Texas (AP-1)
• Abe Croft, Southern Methodist (AP-1)
• Marion Settegast, Texas A&M (AP-2)
• Al Baldwin, Arkansas (AP-2)

• Charles Malmberg, Rice (AP-1)
• Clyde Flowers, Texas Christian (AP-1)
• Marcel Gres, Texas (AP-2)
• James Young, Arkansas (AP-2)

• Leon Pense, Arkansas (AP-1)
• Goble Bryant, Texas A&M (AP-1)
• Franklin Butler, Texas (AP-2)
• Herb Turley, Texas A&M (AP-2)

• Billy Hale, Texas Christian (AP-1)
• Ed Cloud, SMU (AP-2)

AP = Associated Press^{[1] [2]}

UP = United Press

Bold = Consensus first-team selection of both the AP and UP

• 1943 College Football All-America Team