Record: 49-41-1, .544 W-L% (2nd of 11) (Schedule and Results)
SRS: 13.25 (1st of 11) ▪ SOS: 10.84 (1st of 11)
Conference Champion: Ohio State
Ranked in Preseason AP Poll: 5 (Illinois, Iowa, Michigan State, Ohio State and Wisconsin)
Ranked in Final AP Poll: 3 (Michigan, Ohio State and Wisconsin)
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
|---|---|---|---|---|---|---|---|---|
| 1 | Sep 25, 1954 | Sat | (12) Iowa | 14 | (7) Michigan State | 10 | ||
| 2 | Sep 25, 1954 | Sat | Ohio State | 28 | Indiana | 0 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 3 | Oct 2, 1954 | Sat | (5) Wisconsin | 6 | @ | (13) Michigan State | 0 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 4 | Oct 9, 1954 | Sat | Michigan | 14 | (4) Iowa | 13 | ||
| 5 | Oct 9, 1954 | Sat | Michigan State | 21 | @ | Indiana | 14 | |
| 6 | Oct 9, 1954 | Sat | (18) Minnesota | 26 | Northwestern | 7 | ||
| 7 | Oct 9, 1954 | Sat | (10) Ohio State | 40 | @ | Illinois | 7 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 8 | Oct 16, 1954 | Sat | Michigan | 7 | @ | Northwestern | 0 | |
| 9 | Oct 16, 1954 | Sat | (11) Minnesota | 19 | Illinois | 6 | ||
| 10 | Oct 16, 1954 | Sat | (4) Ohio State | 20 | (13) Iowa | 14 | ||
| 11 | Oct 16, 1954 | Sat | (2) Wisconsin | 20 | (5) Purdue | 6 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 12 | Oct 23, 1954 | Sat | Iowa | 27 | @ | Indiana | 14 | |
| 13 | Oct 23, 1954 | Sat | Michigan | 34 | (8) Minnesota | 0 | ||
| 14 | Oct 23, 1954 | Sat | (4) Ohio State | 31 | (2) Wisconsin | 14 | ||
| 15 | Oct 23, 1954 | Sat | (13) Purdue | 27 | @ | Michigan State | 13 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 16 | Oct 30, 1954 | Sat | Indiana | 13 | @ | (11) Michigan | 9 | |
| 17 | Oct 30, 1954 | Sat | Iowa | 13 | (8) Wisconsin | 7 | ||
| 18 | Oct 30, 1954 | Sat | Minnesota | 19 | Michigan State | 13 | ||
| 19 | Oct 30, 1954 | Sat | (1) Ohio State | 14 | @ | Northwestern | 7 | |
| 20 | Oct 30, 1954 | Sat | (9) Purdue | 28 | Illinois | 14 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 21 | Nov 6, 1954 | Sat | (12) Iowa | 25 | (8) Purdue | 14 | ||
| 22 | Nov 6, 1954 | Sat | Michigan | 14 | Illinois | 7 | ||
| 23 | Nov 6, 1954 | Sat | (16) Wisconsin | 34 | Northwestern | 13 | ||
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 24 | Nov 13, 1954 | Sat | Indiana | 14 | @ | Northwestern | 13 | |
| 25 | Nov 13, 1954 | Sat | Michigan | 33 | Michigan State | 7 | ||
| 26 | Nov 13, 1954 | Sat | (13) Minnesota | 22 | (9) Iowa | 20 | ||
| 27 | Nov 13, 1954 | Sat | (2) Ohio State | 28 | @ | Purdue | 6 | |
| 28 | Nov 13, 1954 | Sat | (14) Wisconsin | 27 | @ | Illinois | 14 | |
| Rk | Date | Day | Winner/Tie | Pts | Loser/Tie | Pts | Notes | |
| 29 | Nov 20, 1954 | Sat | Northwestern | 20 | @ | Illinois | 7 | |
| 30 | Nov 20, 1954 | Sat | (1) Ohio State | 21 | (12) Michigan | 7 | ||
| 31 | Nov 20, 1954 | Sat | Purdue | 13 | Indiana | 7 | ||
| 32 | Nov 20, 1954 | Sat | (17) Wisconsin | 27 | (10) Minnesota | 0 |