In 1986, the song won "Best Single" at the Brit Awards. Band member and co-writer Roland Orzabal argued that the song deserved to win the Ivor Novello International Hit of the Year award, claiming that the winner—"19" by Paul Hardcastle—was not an actual song, but only a "dialogue collage". In 2015, 30 years after its release, the song was honoured at the annual BMI Awards in London for achieving 6 million radio airplays. "Everybody Wants to Rule the World" is regarded as the group's signature song, along with "Shout" (1984).