Emotional intelligence is becoming increasingly important in a professional environment. In various life situations, a human relies on their intelligence quotient without knowing what helps them in decision-making. Today's job market puts a huge attention to social skills, listening abilities, and communication skills, all of which contribute to an emotionally intelligent individual. Emotionally intelligent persons are more adaptable, effectively manage their emotions, and they react calmly in stressful situations, which can serve as inspiration for others on their path to achieving goals. This paper examines previous findings on the importance of emotional intelligence in business. By studying theories of emotional intelligence, it provides answers regarding the correlation between emotional intelligence, communication, personality, and human motivation. The goal of this paper is to demonstrate the correlation and importance of emotional intelligence in business and personal development. Based on the results obtained from the conducted research, it can be concluded that there is a positive correlation between the level of emotional intelligence and overall business performance. Personal growth and development contribute to the progress and advancement of an individual, who, through acquiring new skills, acquiring knowledge, motivation, and self-regulation, contributes to the development of a well-rounded and fulfilling personality, which includes a positive impact on professional success.