The 1932 Montana gubernatorial election took place on November 8, 1932. Incumbent Governor of Montana John E. Erickson, who was first elected governor in 1924 and was re-elected in 1928, ran for re-election. He won the Democratic primary with a plurality and advanced to the general election, where he faced Frank A. Hazelbaker, the Lieutenant Governor of Montana. Despite the fact that Franklin D. Roosevelt carried the state in a landslide in the presidential election that year, Erickson only narrowly defeated Hazelbaker to win re-election to his third and final term as governor, though he would later resign just a few months into his term to appoint himself to the United States Senate.

John Edward Erickson was an American politician of the Democratic Party from Montana. He served as the eighth Governor of Montana and as a United States senator.