1938 Masters Tournament Final leaderboard Final leaderboard

| Place | Player | Country | Score | To_par | Money_ |
|---|---|---|---|---|---|
| 1 | Henry Picard | United States | 71-72-72-70=285 | –3 | 1500 |
| T2 | Harry Cooper | United States | 68-77-71-71=287 | –1 | 700 |
| T2 | Ralph Guldahl | United States | 73-70-73-71=287 | –1 | 700 |
| 4 | Paul Runyan | United States | 71-73-74-70=288 | E | 500 |
| 5 | Byron Nelson | United States | 73-74-70-73=290 | +2 | 400 |
| T6 | Ed Dudley | United States | 70-69-77-75=291 | +3 | 275 |
| T6 | Felix Serafin | United States | 72-71-78-70=291 | +3 | 275 |
| T8 | Dick Metz | United States | 70-77-74-71=292 | +4 | 175 |
| T8 | Jimmy Thomson | Scotland United States | 74-70-76-72=292 | +4 | 175 |
| T10 | Vic Ghezzi | United States | 75-74-70-74=293 | +5 | 100 |
| T10 | Jimmy Hines | United States | 75-71-75-72=293 | +5 | 100 |
| T10 | Lawson Little | United States | 72-75-74-72=293 | +5 | 100 |