This paper points to the social changes in area of education and development of managers, which evoke changes of the paradigm of education with regard to the requirements and needs of managers and their competences. Attention is focused on optimization of the process of education and training of managers on performance of managerial functions. The effectiveness of education depends on the motivation of people, interests, controlled emotions and positive energy embedded into the process of education and development with an emphasis on increased importance of interpersonal relationships. Trends in education and development of managers in the context of the assessment of the return of invested funds allow better integrate education into business, but also in other areas of project management with the support of the use of subsidies titles from EU funds. For progressive trends in area of education and development of managers dominated changes of concepts, methodologies and specialization of educational programs, transformational leadership, training of managerial competencies, coaching. Evaluating of the effectiveness of education as opportunities to develop managerial training allows transform input costs (resources) in repayable investments into education and development of managers.