The 1994 All-Southwest Conference football team consists of American football players chosen by various organizations for All-Southwest Conference teams for the 1994 NCAA Division I-A football season. The selectors for the 1994 season included the Associated Press (AP).

• Max Knake, TCU (AP-1)
• Corey Pullig, Texas A&M (AP-2)

• Rodney Thomas, Texas A&M (AP-1)
• Andre Davis, TCU (AP-1)
• Leeland McElroy, Texas A&M (AP-2)
• Byron Hanspard, Texas Tech (AP-2)

• Brian Collins, TCU (AP-1)
• James McKeehan, Texas A&M (AP-2)

• Mike Rossley, SMU (AP-1)
• Ben Bronson, Baylor (AP-1)
• Lovell Pinkney, Texas (AP-2)
• Eric Jackson, Texas (AP-2)

• Barret Robbins, TCU (AP-1)
• Scott Fitzgerald, Texas Tech (AP-2)
• Dan Neil, Texas (AP-2)

• Blake Brockermeyer, Texas (AP-1)
• Calvin Collins, Texas A&M (AP-1)
• Chris Cooley, Rice (AP-1)
• Fred Miller, Baylor (AP-1)
• Jimmy Herndon, Houston (AP-2)
• Brandon Hickman, TCU (AP-2)
• Brannon Kidd, SMU (AP-2)
• Billy Milner, Houston (AP-2)

• Damon Wickware, Texas Tech (AP-1)
• Royal West, TCU (AP-1)
• Brandon Mitchell, Texas A&M (AP-1)
• Tony Brackens, Texas (AP-1)
• Scotty Lewis, Baylor (AP-2)
• Larry Jackson, Texas A&M (AP-2)
• Byron Wright, Texas Tech (AP-2)
• Thomas Baskin, Texas (AP-2)

• Zach Thomas, Texas Tech (AP-1)
• Antonio Armstrong, Texas A&M (AP-1)
• LaCurtis Jones, Baylor (AP-1)
• N. D. Kalu, Rice (AP-2)
• Reggie Graham, Texas A&M (AP-2)
• Chris Bordano, SMU (AP-2)

• Bart Thomas, Texas Tech (AP-1)
• Marcus Coleman, Texas Tech (AP-1)
• Ray Mickens, Texas A&M (AP-1)
• Adrian Robinson, Baylor (AP-1)
• Donovan Greer, Texas A&M (AP-2)
• Cat Adams, Texas Tech (AP-2)
• Michael Hendrix, Texas A&M (AP-2)
• Dennis Allen, Texas A&M (AP-2)
• Joey Ellis, Texas (AP-2)

• Phil Dawson, Texas (AP-1)
• Kyle Bryant, Texas A&M (AP-2)

• Jason Stott, Houston (AP-1)
• Ty Atteberry, Baylor (AP-2)

• Leeland McElroy, Texas A&M (AP-1)
• Ben Bronson, Baylor (AP-2)

• Offensive Player of the Year: Andre Davis, TCU (AP)
• Defensive Player of the Year: Zach Thomas, Texas Tech (AP)
• Coach of the Year: Spike Dykes, Texas Tech (AP)

AP = Associated Press^[1]