Although there is an emerging body which described the relationship between Emotional Intelligence (EI) and academic achievement, there is no much study focused on to the in depth understanding of the student’s perception on role of emotional intelligence on academic performance. The current study used the phenomenological approach for understanding the relevance of emotional intelligence for day-to-day activities, academic performance and how students deal with academic challenges with their emotional intelligence. 15 M.Phil. scholars who is studying in Mumbai were interviewed based on the purposive sampling selection. This research used exploratory research design to understand the role of emotional intelligence un academic achievements. The findings shows that students with higher emotional intelligence are able to perform good academic performance. The components of emotional intelligence such as motivation, self- management, self- awareness, communication, decision making has influence on academic performance. And the present research found student habit and acceptance helps to improve emotional intelligence.