Academy Award Nominations: |
| Best Picture |
| Best Director: Martin Scorsese |
| Best Supporting Actor: Al Pacino |
| Best Supporting Actor: Joe Pesci |
| Best Adapted Screenplay: Steven Zaillian |
| Best Cinematography: Rodrigo Prieto |
| Best Production Design: Bob Shaw and Regina Graves |
| Best Costume Design: Sandy Powell and Christopher Peterson |
| Best Film Editing: Thelma Schoonmaker |
| Best Visual Effects: Pablo Helman, Leandro Estebecorena, Nelson Sepulveda, and Stephanie Grabli |
|
Golden Globe Nominations: |
| Best Picture (Drama) |
| Best Director: Martin Scorsese |
| Best Supporting Actor: Al Pacino |
| Best Supporting Actor: Joe Pesci |
| Best Screenplay: Steven Zaillian |
|
Other Awards: |
| Chicago International Film Festival: Founder's Award |
| New York Film Critics Circle: Best Film; Best Supporting Actor (Pesci) |
| Boston Society of Film Critics: Best Film Editing |
| Chicago Film Critics Association: Best Film Editing |
| National Board of Review: Best Film; Best Adapted Screenplay; Icon Award (Scorsese, De Niro, Pacino) |