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In 1988, Borodyuk became Olympic champion. After Anatoly Byshovets became the manager of Dynamo, Borodyuk lost his place in the starting line-up and moved to Germany to play for FC Schalke 04, achieving promotion to the Bundesliga and ranking among the club league's topscorers from 1989 to 1993. In January 1994, however, he moved to SC Freiburg and finished third in the league in 1994–95, although he appeared in only seven league contests. In October 1995, Borodyuk changed sides again, joining 2. Bundesliga's Hannover 96. He scored the 30,000th goal in the Bundesliga.
He was caretaker manager of the Russia national team from 6 December 2005 to June 2006, also serving as manager of Russia U21 team from December 2005 to February 2007. In February 2007 he became Guus Hiddink's assistant, as Boris Stukalov took the reins of the U-21s. When Hiddink was replaced by Dick Advocaat in 2010, Borodyuk remained the assistant with the team.
On 28 December 2015, Borodyuk was appointed as manager of FC Kairat, resigning on 5 April 2016 after a poor start to the season. In February 2017, Borodyuk became the manager of Kazakhstan national team, signing a three-year contract.
On 11 August 2020, he was hired by Austrian Football Second League club SV Horn. He was released from his contract on 23 September 2020 after just two games were played in the league season.
On 23 March 2021, he returned to Torpedo Moscow, now in the second-tier Russian Football National League. During his previous time in Torpedo, he led them to promotion to the Russian Premier League. Under his management, Torpedo won the 2021–22 Russian Football National League to secure the return to the Premier League on 21 May 2022. Torpedo only gained 1 point in their first 5 games after the return to the Premier League, and on 18 August 2022, Borodyuk left Torpedo by mutual consent.