Forty per cent of managers say they joined their current company because of the development package on offer, according to a study by the Chartered Management Institute.

But while managers may be actively seeking companies that offer opportunities for learning, 41% of respondents said that their employer had no specific training and development budget.

This lack of budget sits uneasily alongside the report's finding that 74% of managers think that their employer should take primary responsibility for funding their development needs.

Motivation Matters, a survey of over 1,800 individuals, suggests that despite high motivation levels, a positive attitude to long hours and a desire for personal development, UK managers still feel frustration with their employers.

The survey presents a picture of a dedicated management workforce in the UK, with one in five working 14 hours or more overtime – the average being 8.5 hours) and 55% saying that they can't wait to start their working week.

However many feel restricted, by lack of development opportunities, glass ceilings and old boys networks. A further 38% believe flat structures are the root causes to career development frustrations.

Mary Chapman, chief executive of the Chartered Management Institute, said: "This report highlights a division between the high levels of commitment expressed by managers and the support they are receiving to reach their goals. Individuals will shop around when their existing post no longer offers satisfaction or career development and organisations which fail to live up to the promise of progress risk seeing their managers jump ship."

For an executive summary of the Motivation Matters survey click here.