Hochschild is the son of Ana Beeck Navarro and Luis Hochschild Plaut. His father founded Cementos Pacasmayo; co-founded the Tecnologia Superior University (TECSUP [es]) with his brother-in-law, Rodolfo Beeck Navarro; and is a cousin of Hernán Hochschild [es], president of Sociedad Nacional de Minería [es]. His great-uncle, Moritz Hochschild, founded Hochschild Mining. In 1987, he graduated from the Tufts University School of Engineering with a degree in Engineering Physics. He then went to work for the family business as a mine safety assistant. In 1998, his father was killed in a kidnapping attempt and Eduardo assumed leadership of both companies.