The 1994 Marshall Thundering Herd football team represented Marshall University as a member of the Southern Conference (SoCon) during the 1994 NCAA Division I-AA football season.
Led by fifth-year head coach Jim Donnan, the Thundering Herd compiled an overall record of 12–2 with a mark of 7–1 in conference play, winning the SoCon title.
Marshall advanced to the NCAA Division I-AA Championship playoffs for the fourth straight season, where they defeated Middle Tennessee in the first round and James Madison in the quarterfinals, before losing to Boise State in the semifinals.
Marshall went undefeated at home during the regular season and lost one game on the road to Appalachian State.
By winning the Southern Conference championship, Marshall was awarded a bid in the 1994 NCAA Division I-AA playoffs.