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In this video tutorial, the speaker emphasizes the importance of a cover letter in securing first-round interviews, noting that while a resume is crucial, a well-crafted cover letter can evoke emotions in the reader. The tutorial outlines three key strategies that Amanda used in her successful cover letter, which helped her receive multiple offers from management consulting firms and bulge bracket investment banks. The speaker also mentions that while a strong cover letter doesn't guarantee a job, a poorly written one can prevent candidates from getting interviews. Viewers are encouraged to stay until the end for a unique cover letter formatting tip.