The Western Collegiate Hockey Association gives awards at the conclusion of each season. The current awards include Player of the Year, Outstanding Student-Athlete of the Year, Defensive Player of the Year, Rookie of the Year, and Coach of the Year, as well as the league leaders in points scoring and goaltending. In addition, several WCHA players have won the Hobey Baker Award for the nation's best college hockey player.
Past winners have included numerous National Hockey League players, players in European professional leagues, NHL All-Stars, Olympic gold medalists, Stanley Cup champions, and Hockey Hall of Famers. Minnesota and North Dakota are the most successful teams, with 55 award winners and statistical leaders each. All current and former members of the conference are represented, with the exception of Bowling Green.
No player has been selected for the same award more than twice. Murray McLachlan of Minnesota was named Rookie of the Year and twice named Player of the Year, the only player to be selected for three awards. Minnesota's John Mayasich and Michigan Tech's Tony Esposito are the only players to lead the conference statistically in three seasons. John MacInnes of Michigan Tech was named Coach of the Year five times.
The Outstanding Student-Athlete of the Year is chosen by a vote of faculty athletic representatives, while the Defensive Player of the Year is chosen by the league's head coaches. All other award winners are selected by votes from coaches, players, sports information directors, and local media.
The Hobey Baker Award has been awarded annually since 1981 to the most outstanding player in NCAA ice hockey. In that time, 16 players have won the award while playing for WCHA schools.
The Player of the Year award has been awarded since the 1960–61 season. Before 1992, it was known as the Most Valuable Player award.
The scoring champion was determined based on all games from 1951–52 until 1961–62. Since, only statistics from conference games are included.
The goaltending champion was based on all games from 1951–52 until 1955–56 and based on only league games since.