The Wiz did well in the awards in 1975. A gray bar indicates that the award was won.
1975 Tony Awards® (7 wins, 8 nominations)
| Best Musical | produced by Ken Harper |
| Best Book of a Musical | book by William F. Brown |
| Best Original Score | music & lyrics by Charlie Smalls |
| Best Featured Actor in a Musical | Ted Ross |
| Best Featured Actress in a Musical | Dee Dee Bridgewater |
| Best Costume Design | costume design by Geoffrey Holder |
| Best Choreography | George Faison |
| Best Direction of a Musical | Geoffrey Holder |
Drama Desk Awards (5 wins, 9 nominations)
| Outstanding Musical | produced by Ken Harper |
| Outstanding Music and Lyrics | music & lyrics by Charlie Smalls |
| Outstanding Actress in a Musical | Stephanie Mills |
| Outstanding Featured Actor in a Musical | Ted Ross |
| Outstanding Featured Actor in a Musical | Hinton Battle |
| Outstanding Featured Actress in a Musical | Mabel King |
| Outstanding Choreography | George Faison |
| Outstanding Director of a Musical | Geoffrey Holder |
| Outstanding Costume Design | costume design by Geoffrey Holder |
| Outstanding Set Design | scenic design by Tom H. John |