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On 23 December 2018, he was appointed as the new head coach of Bayer Leverkusen. After his appointment Leverkusen's form improved significantly leading to Leverkusen securing UEFA champions league qualification in the final game of the season. A significant achievement given Leverkusen were 9th when Bosz took over in December 2018.

On 6 June 2017, it was announced that Peter Bosz would transfer to German club Borussia Dortmund. Since there was no buy-out clause in his contract with his previous club, Ajax received nearly €5 million for compensation in order to buy out his contract. It was a record buyout of a head coach for a German club, breaking the previous record of €4 million.

After no wins in their Champions League group stage, Dortmund dropped into the Europa League. On 10 December 2017, Bosz was sacked and replaced by Peter Stöger.

In January 2016 Bosz was announced as the new head coach of Israeli champions Maccabi Tel Aviv. Bosz left Tel Aviv in May 2016 for Dutch team AFC Ajax. During his time in Israel, Bosz was undefeated in 19 games in charge, with 12 wins and 7 draws.However, Tel Aviv lost the title to Hapoel Be'er Sheva and Lost in the Israeli cup final to Maccabi Haifa.

In May 2016, AFC Ajax announced that Bosz was appointed to serve as the new head coach from July 2016 after signing a three-year contact. In his first competitive match as head coach, Bosz's side earned a 1–1 draw against PAOK in the Third qualifying round of the Champions League on 27 July 2016. Bosz was unable to lead Ajax to the group stage of the Champions League after losing 5–2 on aggregate to Russian side FC Rostov. On 11 September 2016, Bosz faced his former side Vitesse, as Ajax won 1–0. On 24 May 2017 Ajax were beaten 2–0 at Friends Arena, Stockholm in the Europa League final by Manchester United.

On 19 June 2013, Bosz was appointed as manager of his old club Vitesse on a two-year contract. Bosz replaced outgoing manager Fred Rutten whose contract had expired. In November 2013, Vitesse was top of the league in the Eredivisie for the first time since 2006. It was the first time since 2000 they'd been top of the league later than the first week. Halfway through the season, after 17 matches, Vitesse was the leader in the competition. The team finished 2013–14 season in sixth place. The following season, Vitesse finished fifth, qualifying for the European competition play-offs. Also, Bosz was nominated for the Rinus Michels Award (for manager of the year), but lost to Phillip Cocu, who had led PSV Eindhoven to the Eredivisie title. In the 2015–16 season, Vitesse was in fifth place in the winter break, after which Bosz left the club.

In the summer of 2010, Bosz started his second spell as manager of Heracles Almelo, replacing Verbeek who had moved to AZ Alkmaar in the meantime. The team finished 8th in the 2010–11 Eredivisie, securing qualification for the European competition Playoffs, where they were eliminated by FC Groningen. Heracles finished 12th in the 2011–12 Eredivisie and 2012–13 Eredivisie. He left the club in 2013.

In July 2006, Bosz accepted an offer as technical director at his former club Feyenoord. Whilst at the club he was responsible for completing the signings of (amongst others) Giovanni van Bronckhorst, Roy Makaay, Tim de Cler, Kevin Hofland and Denny Landzaat. He left the position on 14 January 2009 due to his opposition to the dismissal of head coach Gertjan Verbeek.

Bosz next became manager of Heracles Almelo (2004–2006). He won the 2004–05 Eerste Divisie with the club and promoted with them to the Eredivisie. Bosz' Heracles secured their Eredivisie promotion the following year, finishing 13th in the 2005–06 Eredivisie.

Bosz made his move into professional football in 2002, becoming head coach of De Graafschap (2002–2003). The team finished last in the 2002–03 Eredivisie and was relegated to the Eerste Divisie.

After his retirement, Bosz started a career in management, first becoming head coach of amateurs AGOVV Apeldoorn, a position he held from January 2000 to 2002. In 2002 he also won a national amateur league title.

Bosz made his debut for the Netherlands in a December 1991 Euro qualification match against Greece and earned eight caps, scoring no goals. His final international was in 1995 against the Czech Republic. He was part of the Dutch squad at UEFA Euro 1992.

A midfielder, Bosz started his professional career played with Vitesse in 1981; after a loan season with then amateurs AGOVV Apeldoorn in 1984, he returned into professional football with RKC Waalwijk (from 1985 to 1988), then moving to France with SC Toulon (1988 to 1991), and successively playing six seasons with Dutch giants Feyenoord (1991 to 1996), Japanese club JEF United Ichihara (1996–97), German club Hansa Rostock (1997–98), NAC Breda (1998–99). He retired at the end of the year 1999 after a second spell with JEF United Ichihara.

Peter Sylvester Bosz (Dutch pronunciation: [ˈpeːtər ˈbɔs] , born 21 November 1963) is a Dutch former professional football midfielder and current manager of Bayer Leverkusen.