Modern trends in professional training of IT managers in the global educational space have been characterized. Practical and theoretical aspects of global trends in modern education development -- convergence (internationalization) and divergence -- have been analyzed (including updating the content of education, quantitative and qualitative changes in the student population, competition among educational institutions, partnership with businesses), and economic and demographic factors behind them are outlined. Trends in general professional training of managers (diversification of educational institutions, differentiation of educational business programs, close ties between the system of managers' training, R&D and businesses) and IT managers specifically (with regard to the multiple nature of IT management and Ukraine's IT segment specificity) have been detailed. Special emphasis has been given to IT managers' foreign language competence. The range of skills that IT managers need to have in order to meet modern labor market requirements at both national and international levels has been analyzed. It has been concluded that professional training of IT managers is taking on a great significance in the view of modern labor market needs, thus proving further research of IT management specifics and possible ways to expand existing IT management curricula to be a vital task. It has been substantiated that IT managers are not only technical specialists but also managers, they should be ready for self-improvement in this direction too -- know and apply innovative approaches to strategic business planning and personnel management, monitor legislative changes, etc. As the sector of IT management sees bright prospects and demand for IT managers keeps growing, professional training of them is taking on a great significance.