| Year: | 1933 |
| Team: | SMU Mustangs |
| Sport: | football |
| Conference: | Southwest Conference |
| Short Conf: | SWC |
| Record: | 4–7–1 |
| Conf Record: | 2–4 |
| Head Coach: | Ray Morrison |
| Hc Year: | 14th |
| Captain: | Ray Fuqua |
| Stadium: | Ownby Stadium |
The 1933 SMU Mustangs football team represented Southern Methodist University (SMU) as a member of the Southwest Conference (SWC) during the 1933 college football season. Led by 14th-year head coach Ray Morrison, the Mustangs compiled an overall record of 4–7–1 with a mark of 2–4 in conference play, placing sixth in the SWC.