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Miley Cyrus
is twerking her way into a few year-end honors.

MTV has named Cyrus its Artist of the Year, with the network's Amy Doyle announcing that "she dominated the music charts and critics' best-of lists while creating some of the year's most memorable moments."

Justin Bieber, Justin Timberlake, Bruno Mars, Rihanna, P!nk, Katy Perry and Lady Gaga were all reportedly also considered for the honor.

Meanwhile, Cyrus faces a different kind of competition for another prize – “Time” magazine's prestigious Person of the Year.

Cyrus has been confirmed as a finalist, along with U.S. President Barack Obama, Pope Francis, Iranian President Hassan Rouhani, U.S. Health and Human Services Secretary Kathleen Sebelius, NSA secrets leaker Edward Snowden, Syrian leader Bashar al-Assad, Amazon CEO Jeff Bezos, Texas Senator Ted Cruz and gay rights activist Edith Windsor.

“Time” will announce its Person of the Year on Wednesday (December 11).

Talking about Cyrus, “Time” managing editor Nancy Gibbs told NBC's "Today" that "Power is not just political...She came in like a wrecking ball...the most watched video of the year and at a time when we were living with an explosion of exhibitionism, since we all now carry cameras with us all time, she is a symbol."

Cyrus led Time's voting for online Person of the Year at one point but ultimately lost to Egyptian general Abdel Fattah al-Sisi.

Cyrus is playing several radio-sponsored concerts during December before starting her Wrecking Ball World Tour on February 14 in Vancouver.