Thanks to the more powerful engine than in 1992, Michael Schumacher was able to consistently challenge the McLarens and on occasion challenged the seemingly unbeatable Williams FW15C. It is arguable that it was overall the second most competitive car on the grid, behind the Williams, with Schumacher regularly scoring podiums and out-qualifying the single-lap ace Ayrton Senna in 8 of the 16 races of the season. Having access to the most potent factory engine in contrast to McLaren having to make do with older-specification units gave Benetton a power advantage, (although Williams used a far superior Renault V10), however, the McLaren had the edge at some races, in particular in wet conditions due in part to their use of traction control.

It was the last car to feature cigarette brand Camel as the team's main sponsor, before the long term sponsorship of an Enstone-based team with Mild Seven cigarettes. Benetton eventually finished 3rd in the Constructors' Championship just behind McLaren but with a substantial gap to Williams. The B193B was replaced for the 1994 season by the Benetton B194.