Alfonso López Pumarejo Liberal Mariano Ospina Pérez Conservative

[1] The Liberals received more votes combined, but due to their division the result was a victory for Mariano Ospina Pérez of the Conservative Party, who received 41.4% of the vote.

[2] One of the Liberal candidates, Gabriel Turbay, was also supported by the Social Democratic Party.

[2] Two years after the election, the second Liberal Party candidate, Jorge Eliécer Gaitán Ayala, was assassinated.

This in turn sparked a ten-year civil war known as La Violencia.