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In this video, the importance of a cover letter in securing a first round interview is discussed, highlighting that while a resume is crucial, a well-crafted cover letter can evoke emotions in the reader. The presenter will share three key strategies used by Amanda in her successful cover letter, which helped her obtain multiple job offers from management consulting firms and investment banks. The video also emphasizes that while a strong cover letter won't guarantee a job, a poorly written one can eliminate chances of getting an interview. Viewers are encouraged to stay for a unique formatting tip at the end.