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In this video tutorial, the speaker emphasizes the importance of a cover letter in securing a first-round interview, noting that while a resume is vital, a cover letter can evoke emotion in the reader. The tutorial highlights three key elements from Amanda's successful cover letter that helped her secure multiple offers in management consulting and bulge bracket investment banks. The speaker explains that a well-crafted cover letter is necessary, as a poor one can eliminate the chance for an interview, despite not guaranteeing a job. Viewers are encouraged to stay for a unique formatting tip at the end of the video.