| Drama Desk Awards | Best Direction | Jack Landau | The Clandestine Marriage |
| Drama Desk Awards | Best Direction | Jack Landau | The White Devil |
| Drama Desk Awards | Best Performance | Nancy Wickwire | The Way of the World |
| Drama Desk Awards | Best Performance | Nancy Wickwire | The White Devil |
| Drama Desk Awards | Best Production | | A Thieve's Carnival1954-55 season |
| Drama Desk Awards | Best Production | | The Merchant of Venice1954-55 season |
| Drama Desk Awards | Best Production | | The Way of the World1954-55 season |
| Drama Desk Awards | Best Production | | The White Devil1954-55 season |
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| Drama Desk Awards | Best Production | | Twelfth Night1954-55 season |
| Drama Desk Awards | Best Productions | | The Way of the WorldSeason 1954-1955 |
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| Drama League Awards | Distinguished Performance Award | Viveca Lindfors | |
| Evening Standard Theatre Awards | Best Actor | Richard Burton | Henry V |
| Evening Standard Theatre Awards | Best Play | Jean Giraudoux | Tiger at the Gates |
| Evening Standard Theatre Awards | Most Controversial Play | Samuel Beckett | Waiting for Godot |
| Evening Standard Theatre Awards | Most Enjoyable Show | | Salad Days |
| Evening Standard Theatre Awards | Natasha Richardson Award for Best Actress | Siobhan McKenna | Saint Joan |
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| Evening Standard Theatre Awards | Ned Sherrin Award for Best Musical | | The Pajama Game |
| New York Drama Critics Circle Awards | Best American Play | William Inge | Bus Stop1954-1955 season |
| New York Drama Critics Circle Awards | Best American Play | Tennessee Williams | Cat on a Hot Tin Roof1954-1955 season |
| New York Drama Critics Circle Awards | Best Foreign Play | Agatha Christie | Witness for the Prosecution1954-1955 season |
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| New York Drama Critics Circle Awards | Best Musical | Gian-Carlo Menotti | The Saint of Bleecker Street1954-1955 season |
| Outer Critics Circle Awards | Best Musical | | 3 for Tonight1954-55 season |
| Outer Critics Circle Awards | Best Performances in Supporting Roles | Crahan Denton | Bus Stop1954-55 season |
| Outer Critics Circle Awards | Best Performances in Supporting Roles | Gretchen Wyler, Gretchen Wyler | Silk Stockings1954-55 season |
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| Outer Critics Circle Awards | Best Play | | Inherit the Wind1954-55 season |
| Pulitzer Prize for Drama | The Pulitzer Prize for Drama | Tennessee Williams | Cat on A Hot Tin Roof |
| Theatre World Awards | Performance | Loretta Leversee | Home is the HeroSeason 1954–1955 |
| Theatre World Awards | Performance | Page Johnson | In April OnceSeason 1954–1955 |
| Theatre World Awards | Performance | David Daniels, Barbara Cook, Shirl Conway | Plain and FancySeason 1954–1955 |
| Theatre World Awards | Performance | Anthony Perkins, Mary Fickett | Tea and SympathySeason 1954–1955 |
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| Theatre World Awards | Performance | Julie Andrews | The Boy FriendSeason 1954–1955 |
| Theatre World Awards | Performance | Jacqueline Brookes | The Cretan WomanSeason 1954–1955 |
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| Theatre World Awards | Performance | Christopher Plummer | The Dark is Light EnoughSeason 1954–1955 |
| Theatre World Awards | Performance | Jack Lord | The Traveling LadySeason 1954–1955 |
| Theatre World Awards | Performance | Dennis Patrick | The Wayward SaintSeason 1954–1955 |
| Tony Awards | Best Choreography | Bob Fosse | The Pajama Game |
| Tony Awards | Best Conductor and Musical Director | Thomas Schippers | The Saint of Bleecker Street |
| Tony Awards | Best Costume Design | Cecil Beaton | QuadrilleProduction took place the previous year |
| Tony Awards | Best Direction | Robert Montgomery | The Desperate Hours |
| Tony Awards | Best Musical | Frederick Brisson, Jerry Ross, Richard Bissell, George Abbott, Robert Griffith, Harold S. Prince, Richard Adler | The Pajama Game |
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| Tony Awards | Best Performance by an Actor in a Featured Role in a Play | Francis L. Sullivan | Witness for the Prosecution |
| Tony Awards | Best Performance by an Actor in a Leading Role in a Musical | Walter Slezak | Fanny |
| Tony Awards | Best Performance by an Actor in a Leading Role in a Musical | Cyril Ritchard | Peter Pan |
| Tony Awards | Best Performance by an Actor in a Leading Role in a Play | Alfred Lunt | QuadrilleProduction took place the previous year |
| Tony Awards | Best Performance by an Actress in a Featured Role in a Musical | Carol Haney | The Pajama Game |
| Tony Awards | Best Performance by an Actress in a Featured Role in a Play | Patricia Jessel | Witness for the Prosecution |
| Tony Awards | Best Performance by an Actress in a Leading Role in a Musical | Mary Martin | Peter Pan |
| Tony Awards | Best Performance by an Actress in a Leading Role in a Play | Nancy Kelly | The Bad Seed |
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| Tony Awards | Best Play | Howard Erskine, Joseph Hayes | The Desperate Hours |
| Tony Awards | Best Scenic Design | Oliver Messell | House of Flowers |
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| Tony Awards | Best Stage Technician | Richard Rodda | Peter Pan |
| Tony Awards | Special Tony Award | Proscenium Productions | The Way of the World |
| Tony Awards | Special Tony Award | Cherry Lane Theatre | Thieves CarnivalWinner for generally high quality and viewpoint shown. Presented to Warren Enters, Robert Merriman and Sybil Trubin. |
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