The 1992 All-Big Ten Conference football team consists of American football players chosen as All-Big Ten Conference players for the 1992 NCAA Division I-A football season. The organizations selecting All-Big Ten teams in 1992 included the Associated Press (AP).
Only two players, Michigan running back Tyrone Wheatley and Purdue defensive tackle Jeff Zgonina were unanimously selected by the AP's media panel. They were also named the Big Ten's Offensive and Defensive Players of the Year, respectively. Wheatley led the conference with 1,357 rushing yards, 7.3 rushing yards per attempt, 1,502 yards from scrimmage and 16 touchdowns from scrimmage.Simeon Rice of the Illinois Fighting Illini was selected as the Big Ten Freshman of the Year.
The undefeated 1992 Michigan Wolverines football team won the conference championship, compiled a 9–0–3 record, and landed eight players on the AP's first-team All-Big Ten squad. In addition to Wheatley, Michigan's first-team honorees included quarterback Elvis Grbac who led the country with a 150.2 passing efficiency rating and led the conference with 18 total touchdowns and 17 passing touchdowns. Michigan's other first-team players included wide receiver Derrick Alexander, offensive linemen Steve Everitt, Joe Cocozzo, and Rob Doherty, defensive tackle/outside linebacker Chris Hutchinson and defensive back Corwin Brown. Hutchinson was honored as the Big Ten Defensive Lineman of the Year, and Michigan head coach Gary Moeller was named the Big Ten Coach of the Year.