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In this video tutorial, the importance of cover letters in securing first-round interviews is discussed, emphasizing that while resumes are crucial, a compelling cover letter can evoke emotions that resumes cannot. The speaker shares three key strategies used by Amanda, which helped her land multiple offers from management consulting firms and investment banks. Viewers are advised that a well-crafted cover letter can significantly impact their chances, as a poor one can eliminate them from consideration. The tutorial promises a unique formatting tip at the end to enhance cover letter effectiveness.