The 1994–95 Ball State Cardinals men's basketball team represented Ball State University in the 1994–95 NCAA Division I men's basketball season.

The team was led by second-year head coach Ray McCallum and played their home games at Worthen Arena in Muncie, Indiana as a member of the Mid-American Conference.

[1] They defeated Bowling Green State, Miami (OH), and Eastern Michigan to win the MAC tournament championship.

As a result, they received the conference's automatic bid to the NCAA tournament as the No.

They defeated Toledo in the quarterfinals of the MAC tournament before losing to Ohio in semifinals.