5 wins & 4 nominations
- 1988 Nominee Oscar
- Best Music, Original Song
For the song "Shakedown".Shared with: Harold Faltermeyer · Bob Seger - 1984 Winner Oscar
- Best Music, Original Song
For the song "Flashdance...What a Feeling".Shared with: Giorgio Moroder · Irene Cara
- 1988 Winner ASCAP Award
- Most Performed Songs from Motion Pictures
For the song "Shakedown".Shared with: Harold Faltermeyer · Bob Seger
- 1984 Nominee BAFTA Film Award
- Best Original Song
For the song: "What a Feeling".Shared with: Giorgio Moroder · Irene Cara
- 1988 Nominee Golden Globe
- Best Original Song - Motion Picture
Song: "Shakedown"Shared with: Harold Faltermeyer · Bob Seger - 1984 Winner Golden Globe
- Best Original Song - Motion Picture
Song: "Flashdance...What a Feeling"Shared with: Giorgio Moroder · Irene Cara
- 1986 Winner Grammy
- Best Album of Original Score Written for a Motion Picture or Television Special
Shared with: Harold Faltermeyer · Marc Benno · Micki Free · Jon Gilutin · Hawk · Howard Hewett · Bunny Hull · Howie Rice · Sharon Robinson · Danny Sembello · Sue Sheridan · Richard C. Teisen II · Allee Willis - 1984 Winner Grammy
- Best Album of Original Score Written for a Motion Picture or Television Special
Shared with: Giorgio Moroder · Irene Cara · Shandi Sinnamon · Ronald Magness · Doug Cotler · Richard Gilbert · Michael Boddicker · Jerry Hey · Phil Ramone · Michael Sembello · Kim Carnes · Duane Hitchings · Dennis Matkosky
- 2013 Nominee OFTA Film Award
- Best Music, Adapted Song
For the song "Don't You (Forget About Me)" performed by Simple Minds.Shared with: Steve Schiff
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