On 23 March 2009, after the dismissal of coach Wolfgang Frank, Schwarz became team manager of SV Wehen Wiesbaden and initially suspended his active playing career until the summer.

Buvač worked as an assistant manager to Jürgen Klopp at Mainz 05 for 3 seasons when Schwarz played for the club.

[6] In April 2021, reports appeared in the German media about the possible invitation of Schwarz to Eintracht Frankfurt instead of the outgoing Adi Hütter.

[7] In response, Schwarz said that he was completely focused on Dynamo, and the spread of rumors in the sports media is an "integral part of football".

[11] When the regular Russian season's 2.5-months winter break started in December 2021, Dynamo was in second place, two points behind the league-leading Zenit.

[16] On 29 May 2022, Dynamo lost the Russian Cup final to Spartak 1–2, with Daniil Fomin missing the penalty kick deep in added time.

[20] On 14 December 2023, the New York Red Bulls of Major League Soccer announced Schwarz as their new head coach.