The 1947 All-Southwest Conference football team consists of American football players chosen by various organizations for All-Southwest Conference teams for the 1947 college football season. The selectors for the 1947 season included the Associated Press (AP) and the United Press (UP). Players selected as first-team players by both the AP and UP are designated in bold.
All Southwest selections
Backs
Bobby Layne, Texas (AP-1) Doak Walker, SMU (AP-1) Clyde Scott, Arkansas (AP-1) Pete Stout, TCU (AP-1)
Ends
Max Bumgardner, Texas (AP-1) Sid Halliday, SMU (AP-1)
Tackles
Richard Harris, Texas (AP-1) Jim Winkler, SMU (AP-1)
Guards
J. W. Magee, Rice (AP-1) Earl Cook, SMU (AP-1)
Centers
Joe Watson, Rice (AP-1)