Schröder was a member of the Academies of Sciences of Göttingen, Prussia, Austria and Bavaria and of the Strasburg Scientific Society in Heidelberg, an honorary member of the Modern Language Association of America and the Historical Association of Lower Saxony, was appointed a Geheimer Regierungsrat in 1907, and was awarded the Prussian Order of the Crown 3rd class in 1913 and the Bavarian Maximilian Order for Science and Art in 1927. He received an honorary doctorate in law from the University of Göttingen in 1931 and was an honorary citizen of Witzenhausen (1925) and Göttingen (1937).[3]