The 1993–94 NCAA Division I men's basketball season began in November 1993 and concluded in the 64-team 1994 NCAA Division I men's basketball tournament, whose finals were held at the Charlotte Coliseum in Charlotte, North Carolina.

The Arkansas Razorbacks earned their first national championship by defeating the Duke Blue Devils 76–72 on April 4, 1994.

The Razorbacks were coached by Nolan Richardson and the NCAA Division I basketball tournament Most Outstanding Player was Arkansas's Corliss Williamson.

In championship game of the 32-team 1994 National Invitation Tournament, the Villanova Wildcats defeated the Vanderbilt Commodores at Madison Square Garden in New York City.

Following the season, the 1994 NCAA Men's Basketball All-American Consensus First Team included Grant Hill, Jason Kidd, Donyell Marshall, Glenn Robinson, and Clifford Rozier.