1932 Országos Bajnokság I (men's water polo) was the 26th water polo championship in Hungary. There were nine teams whose divided into two groups because of the Olympics. Group A played for the championship, here were five teams who played one-round match for the title. Group B played avoid relegation, here were four teams who played two-round match. At the end of the regular season the Group A 5th place team and the Group B 1st team played placement match for fifth place.

This article includes a list of general references, but it lacks sufficient corresponding inline citations. (October 2013)

Fifth place game: MOVE Eger SE–Szegedi UE 4:2

• Gyarmati Dezső: Aranykor (Hérodotosz Könyvkiadó és Értékesítő Bt., Budapest, 2002.)
• Magyar Sport Almanach 1931-1934

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