Chernyshev served as «Dynamo» Moscow club coach, winning twice USSR Champion title (1947, 1954), and also as USSR National Team coaches from 1948 till 1972, guiding the team to eleven World Champion titles (1954, 1956, 1963—1971), eleven Europe Champion titles (1958—1960, 1963—1970) and four Olympic Champion titles (1956, 1964, 1968, 1972). He was inducted into the Russian and Soviet Hockey Hall of Fame in 1948 and the International Ice Hockey Federation Hall of Fame in 1999. Kontinental Hockey League has a division bearing his name.