We, as individuals, would have often felt that there is something much more than our 'traditional intellect' or IQ, which opens the golden gates of success. This paper has attempted to answer as to what is this 'something'. It is the 'intelligence of the heart' or EQ-"knowing how you and others feel and what to do about it". An understanding of the components of Emotional Intelligence enables us to appreciate the importance of our feelings. By managing our feelings and taking charge of our lives, we can integrate our intelligence (IQ) and our emotions (EQ) to provide ourselves with directions. The paper then goes on to include some Research Findings of various studies done on EI, thereby bringing home the advantages of high Emotional Intelligence.