Effective human resource management is an integral part educational leadership and educational leadership has always played an instrumental role in assuring and developing the quality of schools and standard of an Institution. In the 21st century the evolving nature of school environment has placed new demands on educational leaders where competency development and knowledge of school management, finance, legal issues and state mandates are primary focus for preparation of school leaders. There prevails a widespread belief that raising standards of leadership and management practices can enhance the quality of the Institution. In this context this article has focused on managerial leadership in the development of effective leaders. It is essential to develop knowledge, attributes, and skills required to lead effectively and adapt to the changing demands of the role. In this context the author has highlighted on the importance of training and developmental procedure for an effective leader based on educational beliefs and integrating the values of a democratic society and has focused on managerial leadership towards the development of leaders.