Center Steve Andrako was selected as Ohio State's most valuable player.
Iowa compiled a 6-1-1 record, finished in second place in the Big Ten, and was ranked No.
End Erwin Prasse and tackle Mike Enich also won first-team All-Big Ten honors.
Michigan compiled a 6–2 record, led the conference in scoring offense (27.4 points per game), and was ranked No.
Key PPG = Average of points scored per game[1] PAG = Average of points allowed per game[1] MVP = Most valuable player as voted by players on each team as part of the voting process to determine the winner of the Chicago Tribune Silver Football trophy[2] On September 30, 1939, seven of the Big Ten football teams opened their seasons with non-conference games.
On November 25, 1939, the Big Ten football teams played five conference games.
No Big Ten teams participated in any bowl games during the 1939 season.