Academy awards |
| 1991 year 64th |
| Best motion picture of the year | | Nomination |
| Performance by an actor in a leading role | Warren Beatty | Nomination |
| Best Supporting Actor | Harvey Keitel | Nomination |
| Best Supporting Actor | Ben Kingsley | Nomination |
| Achievement in cinematic direction | Barry Levinson | Nomination |
| Writing Original Screenplay | James Toback | Nomination |
| Best Cinematography | Allen Daviau | Nomination |
| Original Dramatic Score | Ennio Morricone | Nomination |
| Best Production Design | Dennis Gassner | Winner |
| Best Production Design | Nancy Haigh | Winner |
| Costume Design | Albert Wolsky | Winner |
Golden Globe Awards |
| 1991 year 49th |
| Best Motion Picture – Drama | | Winner |
| Best Performance by an Actress in a Motion Picture – Drama | Annette Bening | Nomination |
| Best Performance by an Actor in a Motion Picture – Drama | Warren Beatty | Nomination |
| Best Performance by an Actor in a Supporting Role in a Motion Picture | Harvey Keitel | Nomination |
| Best Performance by an Actor in a Supporting Role in a Motion Picture | Ben Kingsley | Nomination |
| Best Director - Motion Picture | Barry Levinson | Nomination |
| Best Screenplay - Motion Picture | James Toback | Nomination |
| Best Original Score - Motion Picture | Ennio Morricone | Nomination |