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When preparing for a first-round interview, a resume is crucial, but a compelling cover letter can evoke emotion and enhance your application. This tutorial discusses three key elements that Amanda included in her successful cover letter, which helped her secure multiple offers in management consulting and investment banking. The video emphasizes the importance of a quality cover letter, noting that while it can't guarantee a job, a poorly written one can prevent you from getting an interview. Key points will be outlined, along with a unique formatting tip for cover letters shared at the end.